Kiran Kumar Panigrahi has Published 61 Answers

What is a Working Capital Cycle?

Kiran Kumar Panigrahi

Kiran Kumar Panigrahi

Updated on 04-May-2022 14:08:32

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

How to Create a New File in Linux from Bash?

Kiran Kumar Panigrahi

Kiran Kumar Panigrahi

Updated on 12-Apr-2022 13:23:16

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

How to create custom errors in Golang

Kiran Kumar Panigrahi

Kiran Kumar Panigrahi

Updated on 07-Apr-2022 11:06:19

Golang provides us with different approaches that we can use to print custom errors. We will explore two such approaches in this article.The first approach requires us to make use of the error.New() function which will create a new error, and we can even pass a string of our choice ... Read More

How to split a string in Golang?

Kiran Kumar Panigrahi

Kiran Kumar Panigrahi

Updated on 03-Mar-2022 13:33:43

Splitting a string means being able to get a part of a string, and that part can either be based on a position or a character in the string.In Go, if we want to split a string on the basis of positions, we can make use of the [ ] ... Read More

Current, non-current and contingent liabilities

Kiran Kumar Panigrahi

Kiran Kumar Panigrahi

Updated on 21-Dec-2021 13:46:55

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 Deferred Tax?

Kiran Kumar Panigrahi

Kiran Kumar Panigrahi

Updated 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

Updated 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

Updated on 17-Nov-2021 05:20:30

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

Updated 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

Updated 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

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