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Q. What is Credit Analysis?
Potential credit customers must be carefully screened using such methods as bank references, trade references, credit reports from credit reference agencies and analysis of financial statements. The extent of the credit analysis must depend on the size of the initial order as well as the potential for repeat business. Credit analysis is able to improve receivables management by reducing the incidence of bad debts slow payers and troublesome customers.
What is financial Accounting
explain the terms recording,classifying,summarizing and communicating
Asch Experiments In these basics studies by Solomon Asch, groups of seven or 8 people were put in a classroom and shown two cards by the experimenter. The first card had a mai
Variation of securities It would seem logical to carry out a strict apportionment between income and capital every time investments are bought or sold. If this were done, it wo
Q. Assembly of Financial Statements? Assembly of Financial Statements -Providing of various accounting or data-processingservices by an accountant, output of which is in the fo
Illustration of Bankruptcy Njuguna Mwandawiro, carrying on a business as a trader in Likoni, Mombasa, finds himself insolvent, and on 15 August 1997 files his petition in bankr
Brushy Mountain Mining Company's ore reserves are being depleted, so its sales are declining. Also, its pit is getting deeper every year, so its costs are rising. As a result, the
The excessive frequency of compounding is generally continuous compounding where the interest is compounded immediately. The data for continuous compounding for one year is e APR
What is the implications of applying accounting concepts wrongly?
Financial Accounting An accounting technique that records, interprets, and reports the historical cost transaction of an organization. An organization records these transaction
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