Accounting Cycle Accounting Cycle is another name for accounting process which initiates with the occurrence of an event and ends with the preparation of the financial results of a company. Since this process takes place every year, it is also Read More …
Accounting Equation In case of any business firm, the accounting equation forms the basis of its balance sheet. The equation states that: Assets = Liabilities + Equity If we consider a horizontal balance sheet, all assets will be recorded on Read More …
No company approves or cancels a credit card application without checking your credit score. Many people think that the credit score is a fancy term, but it is not, so banks and several other financial institutions check it before they Read More …
It is extremely easy to spend when there is no immediate cash outgo, but a promise to pay back later. Even the best Credit cards have played well on this sentiment as they often entice people to make the purchase Read More …