Hi, This means the cash was received to your account. In the common terminology, "we have received the cash and your account is debited". Thanks

Under this principle, revenue and costs are recognised as they are incurred rather than when the cash is paid or received.

Hi, First of all let us define Leverage. When companies feel a potential loss or insufficient funds for near future, they will borrow some funds to compensate this potential bad outcome. This could be either a direct bank loan or a debt from a allied company. More simple, it is to borrow money to supply … Read more

An Invoice is a proof of service completed with the showing amounts on it. Confirmation of Order could be regarded in two ways: 1. Agreement : Most European firms use order and confirmation of order system to sign contracts. 2. Commercial Aspect: Confirmation of order or payment requests are only the proof for accepting a … Read more

Commercial Banks are playing a highly important role on a countries export-import figures. Start thinking from a small business owner who would like to export shoes for a small amount of cash and a investment which was subject to billions of dollar credit from a bank. All of them is necessary to achieve reasonable import … Read more

Centralized purchasing are mainly practiced by corporate level business company where there is either a. Purchasing department b. Procurement department They do have past files to follow price trends and where they can find a specific item with the lowest price through out their database. On the other hand, decentralized purchasing allows employee to go … Read more

Statistics and trend analysis are the critical parts for a budget and cash plan works. I.e. Z-test, geometric mean and sequences - series Kind regards, C.Barut

Corporate View: Your bank must assigned a bank representative only for your companies work. With your company letter head paper and attention to your representative just type a single line requesting for y new cheque book. Your company stamp and authorized signatory must sign down-left Personal View: It will change as per your country specific … Read more

Both of them are same. Financially speaking, the correct word to define is "Cash Journal". … Read more

At some countries, local legislation on fiscal and monetary process makes it necessary to keep a record of "daily-cash-operations"

Beside this, a company must track and record daily cash operations starting from a simple pen purchase to high-volume cash disbursements.

It is advised to keep it as a daily cash journal with relevant … Read more