Category: Accounting Explanation
What are Sweat Equity Shares ? Advantages and Disadvantages of Sweat Equity
The meaning of Sweat equity shares is the equity shares provided by a corporation at a discount or for payment other than cash to its employees or directors…
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Loan Administration Meaning and Components of Loan Administration
Meaning Loan administration refers to the management and oversight of loan activities by a financial institution, such as a bank or credit union. It involves the development and…
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Absorption Costing VS Variable Costing
Absorption costing and variable costing are two approaches used in managerial accounting to determine the cost of producing a product. Absorption costing includes all costs, both fixed and…
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Bank Reconciliation Statement: Features, How to Prepare Bank Reconciliation Statement?
A bank reconciliation statement is a document that compares a company’s cash balance on its balance sheet to the amount on its bank statement. Basically, it includes all…
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Petty Cash Book: Types, How to maintain Petty Cash Book
A petty cash book is a record of small expenses that a company incurs on a regular basis, such as office supplies or transportation costs. It is usually…
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Cash Book: Definition, Types of Cash Book, Example, Format of Cash Books
A cash book is a type of a financial diary in which all cash receipts and expenditures, including bank deposits and withdrawals, are recorded. It is a subsidiary…
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