Kiran Kumar Panigrahi has Published 61 Answers

How to Create a New File in Linux from Bash?

Kiran Kumar Panigrahi
Kiran Kumar Panigrahi
Published on 12-Apr-2022 13:22:41
Before getting into the ways of creating a file using Bash, let's first understand how Linux treats its files. Linux organizes all its data into files and files are organized into directories. Further, the directories are organized into tree-like structures called the filesystem. When you have to work in a ... Read More

Current, non-current and contingent liabilities

Kiran Kumar Panigrahi
Kiran Kumar Panigrahi
Published on 17-Nov-2021 05:26:29
Classification of LiabilitiesDifferent types of liabilities can fall under the following three categories −Current liabilities are the liabilities that are due and payable within one year. These are also known as "short-term liabilities".Non-current liabilities are the liabilities that have to be cleared after a year or more, hence these are ... Read More

What is a Working Capital Cycle?

Kiran Kumar Panigrahi
Kiran Kumar Panigrahi
Published on 17-Nov-2021 05:25:19
The Net Working Capital of a company is the difference between its current assets and current liabilities. We can define the Working Capital Cycle of a company as the duration of time it takes to converts its net working capital into cash.A longer Working Capital Cycle denotes that the company ... Read More

What is Deferred Tax?

Kiran Kumar Panigrahi
Kiran Kumar Panigrahi
Published on 17-Nov-2021 05:23:28
The term "deferred tax" refers to a tax which shall either be paid in future or has already been settled in advance. In this article, we will see why a company may differ its tax to a subsequent fiscal year or why a company may choose to pay the tax ... Read More

What is Amortization?

Kiran Kumar Panigrahi
Kiran Kumar Panigrahi
Published on 17-Nov-2021 05:22:23
Amortization vs. DepreciationBoth Amortization and Depreciation are concepts that are used to account for the consumption of assets and how they lose their value over their useful life.We understand that tangible assets such as plant machinery, furniture, buildings, and vehicles lose their value over a period, which is called "depreciation". ... Read More

Accounting Depreciation Vs Tax Depreciation

Kiran Kumar Panigrahi
Kiran Kumar Panigrahi
Published on 17-Nov-2021 05:15:42
We can apply the concept of depreciation in both accounting as well as tax calculations. In this article, we will see how Accounting Depreciation differs from Tax Depreciation, but before that, let us first understand what is depreciation and how it matters.We can define "depreciation" as a concept that is ... Read More

What is an Installment Sale?

Kiran Kumar Panigrahi
Kiran Kumar Panigrahi
Published on 17-Nov-2021 05:14:22
As the name suggests, an "installment sale" is an approach where the seller allows the buyer to make payments in installments over a period of time. It is a Revenue Recognition method in which the seller defers the revenues until the payment is received.In an Installment Sale, the revenues and ... Read More

What is the Revenue Recognition Principle?

Kiran Kumar Panigrahi
Kiran Kumar Panigrahi
Published on 17-Nov-2021 05:12:31
Most of the big companies do business on credit. They supply goods and services for which the payments are received at a later stage or over a period of time. Hence, it becomes important for companies to follow a standard process to recognize the revenue from such transactions and record ... Read More

What is Accrual Principle in Accounting?

Kiran Kumar Panigrahi
Kiran Kumar Panigrahi
Published on 17-Nov-2021 05:10:34
The Accrual Principle is a concept in Accounting where the financial transactions are recorded during the same time period in which they occur. Note that the actual cash flow may occur at a later stage. For example, suppose a company supplies goods worth $50, 000 in the first quarter of ... Read More

What is Value-Based Pricing?

Kiran Kumar Panigrahi
Kiran Kumar Panigrahi
Published on 17-Nov-2021 05:09:20
Cost-Plus Pricing Vs Value-Based PricingIn general, companies calculate the selling price of a product or service based on the costs incurred in manufacturing that product or delivering that service. This is what we call Cost-Plus Pricing strategy where the price of a product is proportional to the manufacturing cost.We very ... Read More
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