Accounting

Difference Between Cost Accounting And Financial Accounting

Difference Between Cost Accounting And Financial Accounting

Definition of Cost Accounting – Cost Accounting is the field of accounting that is used to record, summarize, and report the cost information on a periodical basis. Its primary function is to ascertain and control costs. It helps the users of cost data to make decisions regarding the determ.....

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Disadvantages of Net Present Value (NPV)

Disadvantages of Net Present Value (NPV)

The net present value (NPV) method can be a very good way to analyze the profitability of an investment in a company or a new project within a company. NPV is a useful starting point but it’s not a definitive metric that an investor should rely on for all investment decisions as there are s.....

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Advantages And Disadvantages Of PERT And CPM

Advantages And Disadvantages Of PERT And CPM

Definition of PERT – Program (Project) Evaluation and Review Technique (PERT) is a project network analysis technique that is used to undergo planning and controlling of the projects. The PERT technique focuses on the time and the cost each activity takes. This will hence influence the resu.....

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Difference Between PERT And CPM

Difference Between PERT And CPM

Program (or Project) Evaluation and Review Technique (PERT) – PERT is an acronym for Program (Project) Evaluation and Review Technique, in which planning, scheduling, organizing, coordinating, and controlling uncertain activities take place. The technique studies and represents the tasks un.....

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Advantages of Net Present Value (NPV)

Advantages of Net Present Value (NPV)

Net Present Value (NPV) is one of the discounted cash flow techniques used in capital budgeting to determine the viability of a project or an investment. NPV lets you know whether the value of all cash flows that a project generates will exceed the cost of starting that particular project. NPV is.....

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Difference Between Journal And Ledger

Difference Between Journal And Ledger

Definition of Journal – The journal is the regular book to maintain daily transactions which are recorded for the first time when the transaction occurs. In this daily transactions are recorded orderly, so that it can be a reference for the future. In the journal entry, there have two highl.....

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Difference Between Unadjusted And Adjusted Trial Balance

Difference Between Unadjusted And Adjusted Trial Balance

Unadjusted Trial Balance – An unadjusted trial balance is what we get when we calculate account balances for each individual account in our books over a particular period of time. It is a listing of all account balances derived from the respective ledger accounts prior to making any adjustm.....

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Difference Between Trial Balance And Balance Sheet

Difference Between Trial Balance And Balance Sheet

Trial Balance – Trial Balance is a statement that lists all the balances of the Real, Personal, and Nominal Account irrespective of Capital or Revenue account. It contains two columns debit and credit. If the transactions are recorded properly by giving a dual-sided effect and then posted s.....

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Concept of Profitability Index (PI)

Concept of Profitability Index (PI)

Concept of Profitability Index (PI) The profitability index is known as the benefit-cost ratio. It is a useful tool for ranking projects because it allows you to quantify the amount of value created per unit of investment. PI is similar to the NPV approach. The profitability index approach measur.....

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Disadvantages of Profitability Index (PI)

Disadvantages of Profitability Index (PI)

The Profitability Index (PI) measures the ratio between the present value of future cash flows and the initial investment. It is a tool that investors can use to understand the degree of expected profits that may come from a specific investment. The index is a useful tool for ranking investment p.....

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Judgment-debtor

Judgment-debtor

Judgment-debtor A person who has been ordered by the court to repay his debt is known as judgment-debtor. S/He is one who is obligated to pay a debt or damages in accordance with a judgment entered by a court. The term judgment debtor describes a party against which a court has made a monetary aw.....

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Journal

Journal

A journal literally means a daily record of news, events, activities, etc. It is an essential part of objective record-keeping and allows for concise review and records-transfer later in the accounting process. In commerce it refers to a book in which any of the records of the business are first.....

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