What is the Budget Period in Accounting?
A budget is a quantitative future plan that helps an organisation coordinate its actions. Large organisations all have a budget. Numerous companies produce detailed budgets for the upcoming year and budgets with less depth and a more general strategic orientation for the following years. Budget Period The budget period is the period for recording costs […]
What is the Ledger and its purpose in Bookkeeping?
A ledger, in bookkeeping and accounting, is a fundamental record, containing all the financial transactions of a business, organized by account. It essentially forms the spine of the accounting system by ingesting data from several financial documents and expressing them as a single coherent record. The ledger gives an orderly and detailed look at the […]
Jalani Distributors sold three light commercial vans
Jalani Distributors sold three light commercial vans to Jain Enterprises on January 1, 2017, on hire purchase system. The price of each van was Rs. 90,000 payment of which was to be made as follows : Jain Enterprises was charging depreciation of @20% each year on the written-down value method. After payment of the first […]
Fundamental and Technical Analysis in the Stock Market
Stock markets can be an intimidating place, filled with complexity and uncertainty. To navigate them successfully as an investor, having an in-depth knowledge of both fundamental and technical analysis is paramount in making informed decisions that benefit both you and the market. The analysis provides invaluable insights that help investors navigate it successfully. The purpose […]