⟩ What are Advances?
Advances are the sums paid or received before an obligation is fulfilled. This comes under current liabilities. Example: Advance received from customers and income received in advance.
Advances are the sums paid or received before an obligation is fulfilled. This comes under current liabilities. Example: Advance received from customers and income received in advance.
Do you know what is about Future Period and Adjustment Period?
Do you know what is meant by business?
General Ledger Questions Part 1
General Ledger Questions Part 2
Explain Break Even Point. How does BEP help in making business decision?
Explain P/V ratio and Contribution?
What is P/V Ratio?
What is Contribution?
Explain Evaluation of Performance?
How is the concept of marginal costing practically applied?