Author: Editor

What is Perpetual Inventory System? Perpetual Inventory system is a system which maintains record of each and every transaction that is transfer to inventory. In other words, this record is a subsidiary ledger account and...

What is Digital Gold? Digital Gold is a way in which gold can be hold in digital form. Furthermore digital gold is allows its buyers to buy gold on just single click. Now in India digital gold can be purchased from your Paytm...

What is MBO? MBO tracks the performance of the manager against number of specific objectives expected to be achieved during a given measurement period. It is a model which aims at improving the overall performance of the...

What is Matching Principle? The Matching principle of accounting states that expenses are recorded with the income that is generated from those expenses. In other words, expenses are matched with revenues. The sale of...

What is LIFO? LIFO or Last-In-First-Out is an inventory costing method in which cost of goods sold is based on the cost of the most recent purchases. In this method, ending inventory is costed at the cost of the oldest units...