Commerce

Accounting equations are equations used to understand the impact of relationships in financial activities within a company.

There are some conceptual issues that need to be understood in order to lay a solid foundation on how accounting works.

Trading Account help us to determine the gross profit or total loss of business concerns, created strictly from trading activities.

Amortization refers to the process of paying off debt through scheduled, predetermined installments, including principal and interest.

Accounting Principles are the general rules and guidelines that companies must follow when reporting all accounting and financial data.

The term “Debenture” comes from the Latin word “debere” which means “borrow”.

A ledger is created when there are multiple entries in different accounts.

Dividend are part of the profits and retained earnings that a company pays to its shareholders.

The Balance Sheet provides a statement of a company’s assets, liabilities, and shareholders’ equity at a particular point in time.