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

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

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

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

We can define Marginal Benefit as the maximum amount a buyer can pay for an extra unit of product purchased after the first unit. Consumers normally tend to compare the marginal cost of purchasing an extra unit with the marginal benefit derived from purchasing it. In other words, we can ... Read More

Decorator function pattern is a pattern that is mainly found in Python and JavaScript, but we can also use it in Golang.It is a pattern in which we can add our own functionality over a current function by wrapping it. Since functions in Golang are considered firstclass objects, which in ... Read More

Sometimes there are cases where we want to know which user is executing the current program and in which directory and we can get all these details with the help of the user package that is present inside the os package of Go's standard library.In this article, we will explore ... Read More

In case we want to get the size of an array or a slice, we can make use of the built-in len() function that Go provides us with.Example 1Let's first explore how to use the len function with an array. Consider the code shown below.package main import (   ... Read More

We can close a channel in Golang with the help of the close() function. Once a channel is closed, we can't send data to it, though we can still read data from it. A closed channel denotes a case where we want to show that the work has been done ... Read More

There are cases where we would want to know if the URL that we got from an http request in the form of a string is even valid or not. In such cases, one can use two functions that the net/url package of Go's standard library provides.Example 1The first basic ... Read More