Financial Accounting

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 ...
Read More

Adjusted Trial balance

Adjusted Trial balance Definition Adjusted trial balance is a list that shows all general ledger accounts and their balances after ...
Read More

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 ...
Read More

Accounting for Equity Reserve

Accounting for Equity Reserve Equity reserve is the part of the equity section of the balance sheet which excludes share ...
Read More

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 ...
Read More

Gross Profit Margin

Gross Profit Margin Gross Profit Margin is the profitability ratio measure by the percentage of gross profit over revenue. Gross ...
Read More

Accounting for Construction Contract

Accounting for Construction Contract Construction contract is the specific contract in which suppliers agree to construct an asset or a ...
Read More

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 ...
Read More

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 ...
Read More

Accounting for Bonds

Accounting for Bonds Definition Bonds Payable is the promissory note which the company uses to raise funds from the investor ...
Read More