Accelerated depreciation

Accelerated depreciation method is a depreciation method that charges major portion of the cost of assets in earlier years and minor portion in later years of assets life. This depreciation method defers tax liabilities inRead More

Payroll

Primarily, Payroll refers to “the list of all employees of an organization or company”. Nowadays it became a polysemic word. It has some other meanings too, these are: Payroll means the employees of an organization,Read More

Limited audit

An audit that is limited to a particular time span (usually less than a year) or accounts or operation is known as limited audit. Scope of limited audit is less wide compared to full audit.Read More

CPA – Certified Public Accountant

Certified Public Accountant or CPA is a professional accounting degree. From another perspective, CPA is the license to provide accounting services to public. In many English speaking countries, CPA is the title for qualified accountantsRead More

EBIT – Earnings before Interest and Taxes

EBIT is the abbreviation for “Earnings before Interest and Taxes”. The “before” means that the company’s earnings is calculated before interest expenses (I) and income tax expenses (T) have been deducted from revenue. EBIT givesRead More

EBITDA

EBITDA stands for Earnings before Interest, Taxes, Depreciation, and Amortization. It refers to the earnings of a company before interest, taxes, depreciation, and amortization are deducted. That is, it is understood as the gross operatingRead More

Stockholder or Shareholder

A stockholder is an individual, company or any other entity who owns at least one or any number of share of a corporation’s capital stock. The answer is NO. Both are same. In the UnitedRead More

Letter of Credit

What is a letter of credit? How does it work?

The letter of credit (LC) also called “commercial credit” or “documentary credit”, is one of the most reliable means of payment in international trade. In this article, we will try to understand what is the

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