Financial Accounting

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