Accounting Basics

Accounts payable are amounts a company owes because it purchased goods or services on credit from a supplier…

A subsidiary ledger contains the details to support a general ledger control account. For instance,…

A general ledger account is an account or record used to sort and store balance sheet and income statement transactions.…

After the determination of the Issue Price and allocation of our Equity Shares but prior…

Underwriting is an agreement, with or without conditions, to subscribe to the securities of a…

From the point of view of sources redemption may be carried out with the help…

Though discharge of debenture liability is usually by paying cash to the debenture holders for…

A non-cumulative sinking fund differs from the cumulative type of sinking fund only in one…

Ø  In the case of new company, distribution of dividends shall require the approval of trustees…

Meaning Redemption of debentures is the process of discharging the liability on account of debentures…