Finance

What are Subsidized Loans? Subsidized loans are a type of financial aid that is based on need. In order to qualify, students or their families must demonstrate financial need. Then, …

What is it to Be Rich?  To be rich is to have enough money to afford the basics of life without struggling. In addition, a rich person also has money …

What is Accounting Profit? We can say that accounting is the process of keeping all types of financial records of an organization or business. Similarly, profit means financial gain that …

What is Cash Accounting? Cash accounting is a method of payment where beneficiaries are recorded in the period in which they are received, and expenses that are paid are also …

What is Accounting? Accounting is defined as the process of collecting, classifying, summarizing, and reporting financial business transactions to establish whether a profit or loss was made. Financial statements are …

Who is a CA? C.A refers to chartered accountant. Chartered accountants are accountants who play a wide range of significant roles. They examine financial records and offer information about them, …

What is Credit Report? A Credit report is a detailed record of your employment, bank accounts, and past transactions. It also contains your Credit history from various sources like banks, …

What is BSE? BSE stands for Bombay Stock Exchange, located along Dalal Street in Mumbai, India. BSE was the first stock exchange to be established in Asia. Initially, during its …

What is Cost Center? A cost center is a unit within an organization that does not directly increase the profit of the organization but still costs money to run. In …

What is a 401K Retirement Plan? Generally offered by employers in the US, a 401K Retirement Plan is a savings mechanism during the career of employees to pay them a …

What is Bookkeeping? Bookkeeping is an essential process in the field of accounting. The term essentially refers to the process of keeping a record of your business transactions and updating …

So, let’s talk about cash management, specifically about cash books and cash accounts. Think of a cash book as your trusty ledger, where you jot down all the ins and …

Assets are the resources we own that have value and can generate income, such as real estate, stocks, or savings accounts. These are investments that contribute to our wealth and …

When it comes to transferring money electronically, I weigh the pros and cons of using Electronic Funds Transfer (EFT) versus Automated Clearing House (ACH). EFT involves transferring funds between bank …

When comparing the balance sheet and cash flow statement, I find that they offer distinct yet complementary perspectives on a company’s financial health. The balance sheet provides a snapshot of …