Bankers Cheque
What is a Bankers Cheque? The Bank guarantees a banker’s cheque that is similar to a draft. This is a banker’s cheque that has been drawn from the Bank’s funds. It …
C.A. Nadeem
What is Fiat money or currency ?
Introduction Fiat money is a currency or can be called a medium of exchange that has been established as money, often by government regulation. Fiat money doesn’t have intrinsic value and …
What is Mean?
What is Mean? Mean is a crucial idea in maths as well as stats. The mean is the ordinary or one of the most usual worth in a collection of numbers. …
Guide to Trustee Accounting
What is Trustee Accounting? A trust accounting is a detailed record that contains information about all income and expenses for a trust. A trust accounting should include details about: Trust assets, …
Operating Income Formula
What is Operating Income? Operating income is called as Earnings Before Interest & taxes (EBIT) or operating profit. It is the revenue left after subtracting operational direct and indirect expenses from …