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Every internet retailer has a unique business plan. Many people make money by getting website visits. It might be challenging to choose an e-commerce business plan, especially for newcomers with negligible field experience. For your e-commerce business to succeed and generate consistent revenues, choosing the right model is crucial. You must ask yourself these questions, […]

Meaning and Formula Goodwill refers to the prestige or reputation attached to a brand name. Additionally, the goodwill of a firm is the result of a firm’s past efforts, which puts it in a profitable position to gain higher revenue without investing any extra amount of capital & effort. It is because goodwill adds value […]

Buying a property requires a considerable outlay of funds. Many buyers take a property mortgage loan to finance their property. You have to repay the borrowed amount and the interest on the loan in equal monthly instalments. The interest rates determine your EMI and also your overall interest burden. Most borrowers focus on getting the […]

Meaning and Example Goodwill refers to an intangible asset that facilitates a company in making higher profits & is a result of a business’s consistent efforts over the past years. In other words, it is the advantageous outcome of the firm’s good name, reputation, prestige, connections, quality services or products, etc. It is an attractive […]

Remember that gadget you always wanted to buy? Or, the destination wedding you want? If you do not have enough funds to realise your dreams, worry not! You can fulfil them through a personal loan. You can get the required funds with an instant personal loan from https://www.fullertonindia.com/personal-loan to fulfil your dreams or meet emergencies. […]

Accounting interviews can be tricky and we compiled 100 Basic Accounting Terms for Interview. Debit – The term ‘Debit’ denotes the left side or leftwards column of a given account. Credit – The term ‘Credit’ denotes the right side or rightward column of a given account. Related Topic – 3 Golden rules of accounting 3. […]

Depreciation Vs Provision for Depreciation Depreciation is an accounting process of distributing the cost of an asset over its estimated useful life as per the matching concept. However, when such depreciation is accumulated in a separate account till the date of the concerned asset’s disposal or sale, it is called provision for depreciation. In other […]

Bad Debts Vs Doubtful Debts Bad debts & doubtful debts are two terms that are often considered synonymous, but there is a fine line between the two. Bad debts refer to the amount of trade receivables that have become uncollectible i.e. they cannot be recovered from the debtors. On the contrary, doubtful debts refer to […]

Keeping records of your income when self-employed can be difficult. It’s not just about the money you make either, but your business expenses and all of this needs to be monitored to help you keep the info you need for HM Revenue and Customs (HMRC) when it’s time to file your self-assessment tax return as […]

Several apps can help you earn a side income. From banking to making purchases, we use smartphones for many chores. So why not use it to earn a little money as well? You won’t get rich, but this money may come in handy here and there. We’ve listed a few of these apps below: Worthy […]

Meaning and Example The term “reconstitution of partnership” refers to an alteration in the financial relationship between the existing partners of a partnership firm. As a result, the existing agreement ends and a new one is formed. A reconstitution occurs whenever the terms of a partnership agreement are modified and the profit-sharing ratio is changed. […]

Meaning and Explanation Sacrificing ratio is the proportion in which old partners of a firm forego their share of profits in favour of new partner(s). The sacrificed portion is given to the new partner by the existing partner(s). On the other hand, the partner who gains the share calculates a gaining ratio at his/her end. […]

Meaning and Explanation The gaining ratio is the proportion in which one or more partners gain a share in the firm’s profit as a result of other partner(s) sacrifice. It is used to compute the amount of compensation paid by the gaining partners to the ones who are sacrificing their share of profit (known as […]

Hundreds of schoolchildren in the southern Philippines have fallen sick after eating durian-flavoured sweets, the provincial governor said Saturday.

Some of can’t rely on stable worlds economic, so learn, learn and learn everything new, this will help you anytime, dont be upset, believe yourself even in dark times!

After years of watching Vancouver housing prices climb, driven in part by Chinese investment, Eveline Xia came to a painful realization: Despite having a Master`s degree and solid career prospects.

Some of can`t rely on stable worlds economic, so learn, learn and learn everything new, this will help you anytime, dont be upset, believe yourself even in dark times!

South Africa has eight of the top 15 universities in Africa but its higher learning institutions are rated as the worst performing among the BRICS emerging market nations.

Meaning and Formula Net Book Value represents the carrying value of an asset that is equal to the value after deducting depreciation, depletion, amortization and/or accumulated impairment, to date. It is the value at which an asset is recorded in the balance sheet of an enterprise. Further, normal wear-tear, obsolescence, natural factors and other such […]

Meaning, Example & Purpose Revaluation means “reassessing the value of something”. In the event of a change to the original partnership of a business, such a reassessment is done. Only assets & liabilities of a firm are revalued and a “Revaluation Account” is opened to determine profit/loss resulting from the exercise. Note: Revaluation is only […]

Meaning and Basics It is a financial statement prepared by all types of businesses (sole proprietors, partners, enterprise, etc.) at a given date. The balance sheet represents the financial position of a business at any given point in time. It shows the company’s assets along with how they are financed, which may be by debt, […]

Hiring is the most demanding part of any business. Yet, it is also the crucial one. Therefore, the hiring process should be designed to uncover the perfect fit for your company. It’s important to understand that hiring the right person will enhance your workflow and create better results for you and your team. In this […]

Revaluation Account Vs Realisation Account Revaluation Account It is a nominal account used to distribute profit or loss originating from re-assessment of the book value of a firm’s assets & liabilities. The balance of a Revaluation A/C is either profit or loss (on revaluation) which is then transferred to “Partners’ Capital A/C” in their old […]

The journal book must record every business transaction, which means entries need to be made. In accounting lingo, this is called a journal entry. We will provide you with 20 frequently asked journal entry examples on Google along with their logic. When following double-entry bookkeeping there needs to be at least 1 debit & 1 […]

Meaning, Example & Uses  “Realisation Account” is mostly used to determine the profit or loss on the realisation of assets and settlement of liabilities. It is prepared in the event of the dissolution of a partnership firm. Example Suppose 3 partners P, Q & R with a profit-sharing ratio of 1:1:1 decide to dissolve their […]