What are the two financial statements? Why are they needed? Income Statement Balance Sheet An Income Statement is a statement of revenue from operations, other incomes, and expenses during a…
What is Accounting? Accounting is an information system which communicates financial information of a business enterprise to the interested users of such information. Accounting is also called the language of…
I was recently invited as a Guest Speaker by the Northern India Regional Council of ICAI to share my views and tips with students aspiring to secure a rank in…
1. Avoid/Minimise the Accumulation of Inventory Rate of Sales should be greater than the Rate of Production in order to avoid / minimise the Accumulation of Inventory otherwise high carrying…