Category: Tutorials

Managing finances is crucial for any business, and accounting for irrecoverable debts—also known as bad debts—is a significant aspect. Irrecoverable debts arise when a debtor is unlikely to pay...

Money is a fundamental component of any economy. It serves as a medium of exchange, a unit of account, and a store of value. But while most people are familiar with the role money plays in their...

In the vast landscape of economic principles and financial mechanisms, few relationships are as critical and intricate as the one between monetary policy and interest rates. These two factors wield...

The liquidity preference theory of interest, introduced by John Maynard Keynes in his seminal work The General Theory of Employment, Interest, and Money (1936), is one of the cornerstones of modern...

Introduction to PPEProperty, Plant, and Equipment (PPE) forms a critical component of a company's balance sheet. It includes long-term physical assets like buildings, machinery, office furniture,...

Accounting is often called the "language of business." Just as language has grammar rules, accounting has its principles and rules, often referred to as "golden rules." These golden rules are the...