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Control impulse spending with 7 days rule. The 7 day rule is a simple method to control impulse buying. Whenever you are aroused to buy something online or offline, stop.Note the name of the object, date and the price in a diary...

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 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 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 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 Preferred Stock? Preferred stock pays a fixed dividend much like interest payment on bonds and have prior right over that of ordinary share dividends. Stock Certificate is the evidence of ownership in a corporation. This...

What is Realization Concept? Realization Concept of Accounting states that revenue is only recognized when goods or services are delivered or rendered to the buyer. Conservatism concept suggests the period when revenue should be...

What is Sensitivity Analysis? Sensitivity Analysis is a way of analyzing change in the NPV of the project for a given change in one of the variables. It indicates how sensitive a project’s NPV or IRR is to changes in particular...

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...

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...

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...

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...