Introduction Every company incurs costs during its operations. It is impossible to think about a company with no cost. The companies therefore must be aware of the costs because the unnecessary costs may harm the financials absurdly. Saving funds by managing costs efficiently goes a long way in making a ... Read More

Introduction Usually, organizations have different types of assets. They may include property, plants, inventories, etc. The assets may have different natures and their properties may be different too. According to analysts, there is one fundamental difference among the assets depending on which the assets can be divided into two sections ... Read More

Introduction Governments have both earning and spending as their responsibilities. Therefore, they earn revenues and spend money on public projects, such as infrastructure, education, and public health. There are two possible results of this − The government may either have a surplus or A deficit in the budget. ... Read More

What is meant by Dissolution of Partnership Firm? Dissolving a partnership firm legally means stopping the business under the name of the said partnership firm. In such a case, all liabilities are ultimately settled by selling off assets. Assets may be transferred to a particular partner, which settles all accounts ... Read More

Introduction When the relationship between all the partners of the firm is terminated then it is called the dissolution of the firm. After the dissolution of the partnership firm, the firm won’t exist anymore. This dissolution process includes disposing and discarding of all the assets of the firm and/or settlements ... Read More

Introduction Although often not mentioned, the financial statements of a company are the backbone of success. By keeping records of the company’s financial conditions, the accountants not only save the financial mechanism a company follows but also find out whether the company is profitable and working in the right direction. ... Read More

Introduction Financial analysis is also considered to be a helpful tool to correctly analyze the condition of the business by many analysts. Since financial analysis is performed according to set mathematical standards, many analysts argue that it helps to minimize human errors to a large extent. Financial analysis is also ... Read More

What is meant by Industries? Businesses can range from sole proprietor enterprise to big corporation that employs thousands of workers across multiple countries. Depending on the scale of business, organizations can be classified as micro-enterprises, small-scale enterprises, large-scale industries, public enterprises, and multinational corporations. There are a number of business ... Read More

Introduction Depending on various factors, companies may be classified into various categories. These factors may include liabilities, member count, parameters of holding, or control among others. Let’s check the types of companies possible to be divided into various classes one by one. Types of Companies Companies may be broadly categorized ... Read More

What is the Issue of Shares? The issue of shares is the way to allocate new shares to the shareholders. Shareholders may be either individuals or corporate. The allocation of shares in India is made according to the Companies Act 2013. The issue of prospectus, receiving applications, and allocation of ... Read More