Accounting Ratio: The comparison of two or more financial data which are used for analyzing the financial statements of companies. Accounting class 12
Accounting for incomplete Transactions: It refers to a in which an organization is not using double-entry bookkeeping. Instead, it is using a more informal accounting system, such as a single-entry system, to maintain a reduced amount of information about its financial results.
Activity Ratio: A type of financial metric that indicates how efficiently a company is leveraging the assets on its balance sheet, to generate revenues and cash.
Allotment of Share: An allotment of shares is when a company issues new shares in exchange for cash or otherwise. Such allotment of new shares increases the company’s share capital.
Cash Flow Statement: A financial statement that provides aggregate data regarding all cash inflows a company receives from its ongoing operations and external investment sources.
Financial Statement Of A Company: There are four main financial statements: balance sheets, income statements, cash flow statements, statements of shareholders’ equity
Dissolution of Partnership Firm: Dissolution of partnership firm is a process in which relationship between partners of firm is dissolved or terminated, accounting class 12
Forfeiture and reissue of share capital: If shares are forfeited the membership of the shareholder stands cancelled and the shares become the property of the company. Thereafter, the company has an option of selling such forfeited shares. The sale of forfeited shares is called ‘reissue of shares’.
Income And Expenditure Account: The income and expenditure account is prepared by the non-trading entities to determine surplus or deficit of income over expenditures for a particular time frame.
Liquidity Ratio: Measure a company’s ability to pay debt obligations and its margin of safety through the calculation of metrics including the current ratio, quick ratio, and operating cash flow ratio.
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