Introduction Business organizations, particularly partnership businesses where partners retire or new partners are introduced need to revalue the assets and liabilities from time to time. Business organizations need to revalue their assets and reassess their liabilities from time to time because, with the passage of time, the values of assets ... Read More

Introduction Small-scale industries play a very important role in developing the economy of a nation. The small-scale industry in India generates employment, reducing poverty and unemployment which are considered social evils. The small-scale industry is responsible for the rural and urban growth of the economy. The small-scale industries also play ... Read More

Introduction Debit and credit are indispensable tools in accounting. Without debit and credit, accounting will be a big mess. Every accountant knows this. In keeping the records of business, therefore, debit and credit play a very important role. However, understanding the two terms and how to use them is not ... Read More

Introduction Rural credit is an extremely important step in financing agriculture, which is a major resource for generating food for millions of citizens. Many farmers in rural areas are unable to bear the burden of farming by themselves and they need assistance from either banks or the government. Rural credit, ... Read More

What is Sacrificing Ratio? The term "sacrificing ratio" is used in partnership firms. Sacrificing ratio is the ratio in which the partners decide to share the losses when one of the partners of the firm dies or retires from the business. Sacrificing ratio is used to distribute the losses among ... Read More

Introduction Both sales books and sales return books are crucial for the accounting and financial management of a business. They provide a chronological and systematic record of sales transactions and returns, which help understand the actual sales and how and why purchased goods have been returned. Let us learn what ... Read More

What is a Scatter Diagram? A scatter diagram is a graph that shows the relationship between two different sets of data. Also known as a scatter plot, it is a simple and visual way to represent information. Examples of scatter diagram Suppose you have two sets of data, ... Read More

Introduction: What is SEBI? The Securities and Exchange Board of India (SEBI) is the regulatory body that manages and oversees the securities market in India. SEBI was established on April 12, 1988, as an autonomous and statutory body, under the Securities and Exchange Board of India Act, 1992. SEBI's primary ... Read More

What is a Secret Reserve? A secret reserve is a hidden or undisclosed sum of funds that banks or other financial institutions set aside for unseen future needs. These funds are not publicly reported in their financial statements. These funds are meant for sudden needs; they are kept confidential for ... Read More

Total Products, Marginal Products, And Average Products Total product, marginal product, and average product are used to analyze and examine the relationship between outputs and inputs in the production process. It is important to understand how changing inputs change the product output; so, the concepts of total, marginal, and average ... Read More