Finance

Journal entry for cash deposited in the bank has become redundant because of cashless transactions. However, small businesses still accept cash in their bank accounts.  Journal entry of cash deposited in a bank account as follows: Debit – Bank account Credit – Cash account  Explanation of cash deposited in a bank journal entry. As a rule of thumb, we […]

Financial statements provide a clear picture of a company’s financial health. They show whether the company is profitable and how much profit it makes. Most people feel intimidated by financial statements. That’s why so many of us have no idea how to interpret them. You may be confused by the endless stream of jargon, acronyms,

A financial meme is a visual representation of a truth about money that’s either entertaining or informative. They’re fun to create and share, and because they’re visual, they get a lot more attention than other types of content. They’re also an excellent way to educate your audience—because you can put them in context and explain

Berkshire Hathaway makes most of its money from the profits received from its investments in insurance, railway and utilities business. However, there are numerous other investments which drive substantial profits to Berkshire’s shareholders.

Generally, the most important financial ratios to analyze a company divide in five major categories. It includes Profitability, liquidity, return, asset and debt management. We have created a comprehensive list of 29 accounting and financial ratios that is required for financial analysis.  The below mentioned accounting ratios will help you to evaluate the financial statements,

The United Kingdom’s financial landscape boasts a robust array of banking institutions that play a pivotal role in shaping the nation’s economic dynamics. Among these, the top 10 banks in United Kingdom stand out as significant powerhouses, influencing everything from individual financial stability to corporate growth. These banking giants not only serve as pillars of

Net worth is a fundamental financial metric that holds great significance for entrepreneurs and business owners. In its essence, net worth represents the value of a company, making it a key indicator of its financial health. By comprehending net worth, entrepreneurs can make informed decisions and gain insights into various aspects of their business operations.

In zero rated supply, the taxable person is not required to charge VAT to its customer. At the same time, the taxpayer is allowed to claim related input on such supplies. The supply does not carry any additional VAT. Generally, people confuse between zero rated supply and exempt supply. Both are different and have different