Three Way Matching
Three-Way Matching Three-way matching is the comparison of purchase order, supplier invoice and goods received note (GRN). All these three ...
Adjusted Trial balance
Adjusted Trial balance Definition Adjusted trial balance is a list that shows all general ledger accounts and their balances after ...
Accounting for Goods in Transit
Accounting for Goods in Transit Goods in transit are the products or materials which already leaves the seller’s warehouse but ...
Accounting for Equity Reserve | Journal Entry
Accounting for Equity Reserve Equity reserve is the part of the equity section of the balance sheet which excludes share ...
Negative Price to Earning Ratio
Negative Price to Earning Ratio Price to earnings ratio is the financial ratio that measures company’s share price to its ...
Gross Profit Margin
Gross Profit Margin Gross Profit Margin is the profitability ratio measure by the percentage of gross profit over revenue. Gross ...
Accounting for Construction Contract
Accounting for Construction Contract Construction contract is the specific contract in which suppliers agree to construct an asset or a ...
Activity Method of Depreciation
Activity Method Depreciation Activity Method Depreciation, also known as a unit of activity depreciation or activity-based depreciation, is the depreciation ...
Non-Controlling Interest (NCI)
Non-Controlling Interest (NCI) Non-controlling interest is the shares ownership which is less than 50% and has less control or influence ...
Accounting for Bonds
Accounting for Bonds Definition Bonds Payable is the promissory note which the company uses to raise funds from the investor ...
