A merger is a very complex process and the success of an acquisition deal depends upon many internal and external factors. Unless proper care is…
Understanding collection float: There is often a time lag between the receipt or issuance of cheques by a business and the actual processing of them…
The zero working capital approach is a relatively new concept to managing your working capital. It is now gaining importance in working capital management. What…
It is often stated that planning is looking ahead and controlling is looking back. But is this statement correct? Well, not really. This statement is…
In the list of management functions, planning comes at the top, and controlling is at the bottom. But the two are closely connected to each…
Cash Flow Statement and its limitations: A cash flow statement is one of the three main financial statements that are prepared by every business, the…
Errors disclosed and not disclosed by Trial Balance: Even though accountants put in their best effort to record transactions in a business’s books, errors are…
A revaluation account is an account that is opened at the time of reconstitution of a partnership firm. That is, whenever a new partner is…
Understanding Memorandum Revaluation Account: Whenever there is a change in a partnership business in the form of admission of a new partner, retirement or death…
The main difference between a Revaluation Account and a Realisation Account is that while the former is prepared at the time of reconstitution of a…