The credit utilization ratio is probably one of the least understood terms even though it has a significant impact on your credit score. Today we will delve deep and try and understand everything about credit utilization ratio. What is Read More …
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 …
Independent vs. Mutually Exclusive Projects in Capital Budgeting Independent projects are projects which are unrelated to each other, and that allows for each project to be assessed based on its profitability. For example, if projects A and B are independent, 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 …
We all hope for the best, but we should prepare ourselves for the worst. No one can foresee the future, but unfortunately, sometimes we are faced with certain circumstances which are beyond our control. A wise man is one who Read More …
Most of us do not let our children take discussion related to money matters; we want to pamper them by doing it all for them. However, this habit curbs the wings to our children, and as a result, they start Read More …
International travel has always given people headaches. The biggest point of concern has mostly been FOREX. What is the right amount of forex to carry? A little more means double fees on the unutilized forex, a little less means cash Read More …
India is predominantly a savings economy where people believe “cash is the king.” Here taking debt or a loan is both a social taboo and a burden. Compared to a developed economy where everything runs on credit, India runs on Read More …
Life is tough, and we all face numerous ups and down in life. These days when layoffs have become a scenario, saving has become an imperative task. But what happens if you suddenly realize that you have no money at Read More …