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What is Outstanding Expenses In Balance Sheet
The outstanding expenses in the balance sheet can be defined as the amount which has been entered in the left-hand side of the balance sheet

What is Departmental accounting
Big businesses have different departments in their firm. Each department deals with different kinds of production processes. They provide different services to the firm and

What Is a Debenture Redemption Reserve?
Companies that have issued debentures keep a fund called the Debenture Redemption Reserve (DRR). Its goal is to keep the danger of debenture default to

Difference between Businessman and Industrialist
Often people use the word ‘businessmen’ and ‘industrialists.’ There is nonetheless a fine line, which distinguishes the two. It is possible to mask the details,

Difference Between Nil-rated And Exempted
There are different types of supplies like zero-rated supply, nil-rated supply, exempted supply, and Non-GST supply. The main purpose of this topic is to determine

Difference Between Consignment And Joint Venture
The prime difference between consignment and the joint venture is the nature of the association between the parties. They both seem like same but there

Difference Between Gaining Ratio And Sacrificing Ratio
Gaining and sacrificing ratios are the terms in the context of partnership firms, these ratios come into play when either a new partner enters the

What Is Fluctuating Capital Method
Fluctuating capital method is a type of current account. The Capital account is an overall ledger account that contains several specific transactions, such as ownership

Difference Between Shares and Debentures
There are a lot of differences between shares and debentures however, Investments in debentures and shares nowadays have dominated society by investing hard-earned money in