Bad debt is one that cannot be collected and is therefore worthless to the creditor. It is usually the result of a bankruptcy filing by a debtor. Bad debts can also emerge when the expense of collecting exceeds the amount owed. As soon as the loan becomes bad, the company should be able to deduct […]
For banks, the Reserve Bank of India (RBI) establishes a fixed internal reference rate. This interest rate is then utilized by RBI-regulated banks and lending institutions to determine the minimum interest rate for various loan categories. The RBI updates this rate on a regular basis when there is a significant change in the country’s economic activities. […]
The Balance of Payment (BOP) may be a statement that keeps track of all monetary transactions between citizens of the nation and therefore the rest of the world over a selected period of time. This statement summarises all transactions made by/to individuals, corporations, and the government and aids in the tracking of finances for economic development.
In […]
Capital means the assets and cash in a business. Capital may either be cash, hardware, receivable records, property, or houses. Capital may likewise mirror the capital acquired in a business or the assets of the proprietor in an organization. Now let us know more about Capital Account in this article.
The capital record […]
Minority interests are under 50% ownership or interest in an organization. India is an illustration of minority interest with 2/3 of its populace being minority investors. A minority interest appears on the monetary record of organizations with a majority interest in a firm as a non-current obligation. This mirrors the proportion of its minority […]
Accounting Standard 3 (AS 3) arrangements with cash flow statement. This accounting standard records data about changes in cash and cash counterparts of a substance during a specific period.
Such data is unveiled in the AS 3 cash flow statement showing cash flows from working, contributing, and financing exercises during an […]
