What is Depreciation of Assets?
When we come across the word ‘depreciation’, it sounds negative. However, it is the opposite of what we consider negative in the business landscape. Considering
Category: Business Management
What is Credit Note? Meaning, Benefits and Example
What is Credit Note? A Credit Note is a financial document issued by the seller to the buyer to offset the entire or partial amount
What is Craft Production ?
Globally, there is a vast digital explosion, and most sectors are automated. However, there is still the production of handcrafted products sold worldwide. If the
Types of GST Returns
Every business owner and dealer who is registered under the GST system must file GST returns based on the nature of their business or transactions.
Costing Methods and Techniques
Manufacturers have the challenging task of setting the pricing of the product. With increasing competition in the market, the manufacturers cannot set the pricing to
Capital Budgeting : Meaning, Methods and Importance
Running a business is complex and it takes a lot of planning and decision-making to keep it survive in the competitive landscape. Most importantly, the
Capital Account: What It Is and How It Works
Every proprietor knows the complexity of running a business. If you are a sole proprietor, a partner in a firm or a shareholder of the
What are Adjusting Entries? Definition, Types, and Examples
Businesses are divided into accounting periods. And in each financial period, the financial statements have to be accurately created. Further, it is crucial to create
What is Capacity Requirements Planning? Types, Benefits and Strategies
A manufacturing process requires a lot of planning before it commences. The planning is required to see what’s coming, significantly if it impacts the business’s
What is BOM Explosion?
We all know what a bill of materials is for businesses. It is a significant step in the manufacturing process. It is also known as