Government of India has clarified that the service charge is optional. If the customers are not happy with the service, they can refuse paying service charge at restaurants. From over a long period of time, restaurants and hotel...

What is Working Capital Turnover Ratio? Working Capital Turnover ratio is computed by dividing sales by the net working capital. Net working capital is the excess of current assets over current liabilities. The main purpose of...

Do you guess who is the person who can make simple and easy things complex? Well, let me tell you these are the investment gurus. There are lots of financial media channels that which not only broadcast financial news, but also...

Just think, you went on vacation with your family on your car and your car met with an accident or suppose your car’s headlight or rear view mirror went off. What would be your next thought? Well, if you are having car...

What is Trial Balance? It is a statement to test arithmetical accuracy of the books of accounts. Moreover, it also tests the ledger equilibrium. Companies prepares trial balance every month. The double entry book keeping system...

What is Treasury Stock? Treasury Stock is company’s own stock that has been issue and subsequently reacquired by purchase. There are number of reasons for which firm require its own shares – To obtain shares that can be used in...