What are Assets? Assets are the things a company owns, have value and may be sold to generate cash, and are used in business operations. Assets can be classified in various ways such as in terms of liquidity, or in terms of whether they are tangible or not. If it takes less than one year …
What is EFT? EFT is the electronic transfer of funds from one account to another. either within the same financial institution or across institutions, using computer-based technologies. EFTs are suitable for a variety of payments. They are deposits of salary, social security benefits, tax refunds, and online bill payments. EFTs are more efficient for several …
What is Balance Sheet? If you are a businessman or an accounting student, you must be aware of the balance sheet. If not, we will discuss it in detail and its benefits to an individual or a company. A balance sheet is a financial summary of the balance of an individual or a company. It …
Difference Between Balance Sheet and Cash Flow Statement Read More »
What is a Developed Country? A developed country often cited as an industrialized country is a country that has a strong and sophisticated economy measured by GDP and per capita income. As they have a high per capita income, they have a high living standard.[1] Generally, a developed country is highly industrialized. Technological advancement and …
Difference Between Developed Countries and Developing Countries Read More »
What is Amalgamation? Amalgamation is the process where two separate entities or corporations merge to form a single organization. In the process of merging the entities, the newly formed organization or company assumes all the assets and liabilities from the dissolved entities. Depending on the type of amalgamation the merger leaves the partners with different …
What is Branch? A branch in business is a separate unit or office of a company that is under the same overall umbrella company and is located in a different area from the company’s headquarters. It could be in different cities, states, or countries. It is a division of a business that has a specific …
The term insurance means an arrangement by which provides protection against a possible event or the state undertakes to guarantee any loss, damage or death for a specified payment. What is Fire Insurance? Basically, the term fire insurance refers to a form of property insurance to cover any damage or loss caused by fire. “Fire …
Difference Between Fire Insurance and Marine Insurance Read More »
What is Life Insurance? Life insurance is the type of insurance which is designed to ensure that a family is financially protected in case of death of any of its members. This can be made even easier with Term insurance. There are many benefits of life insurance, but the most important benefit is that it …
Difference Between Life Insurance and Health Insurance Read More »
