Basics of Accountancy

This ratio is calculated to know the long term financial position of the company. It shows the relation between the long term debts and sh...

It shows the position of a firm to pay its current liabilities within a month or immediately. It is calculated as follows: Quick Ratio ...

Current Ratio: It shows the relationship between the current assets and current liabilities. It is also known as Working Capital Ratio b...

Bill of Exchange According to the Indian Negotiable Instrument Act, 1881 “A bill of exchange is an instrument in writing, an uncond...

DEPRECIATION Depreciation is the gradual and permanent decrease in the value of an asset from any cause. In the business we need som...