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You may be aware of the importance of earning revenues (Also see An Overview of Contra Revenue) by selling the

Contra revenue is the amount that an accountant would deduct from the gross revenue of a company to calculate the

Revenue and retained earnings are two terms that one will usually see when reading the financial statements. Revenue forms an

According to the Companies Act 1965, all companies need to have an M&A (Memorandum and Articles of Association). Under the

An inventory audit is a process of assessing the methods that a company uses to record its inventory by using

Some people may think that accounting is all about recording transactions and calculating figures. This is just a tiny part

Three Different Types of Accounting

Thanks to the industrial and economic developments, accounting has been getting more and more specialised until it is split into

Companies limited by guarantee (CLBG) refer to public companies that are incorporated under a condition where the company constitution limits

Revenue refers to the income that a company has generated from its normal business operations. Its amount will appear in

Capital expenditures refer to the expenses (Also see What Do You Need to Know About Ordinary and Necessary Business Expenses?)

Depreciation (Also see Straight-line Depreciation and Accelerated Depreciation) is probably one of the terms that you will often hear from

Revenue expenditures are the expenditures incurred during normal business operations, and the company will receive the benefit from those expenses