CA Bigyan Kumar Mishra

Accounts receivable for a company means the total money that is due from customers to which goods or services are sold on credit. If a company has sold goods or services to 100 customers in credit, then the total amount due to be received as on the balance sheet date is shown under the head accounts receivable on the balance sheet. Accounts receivable is also referred as … [Read more...] about What is Accounts receivable on the balance sheet

Chart of accounts is a list of accounts that a company has made available for recording financial transactions in its general ledger. It serves as an index of all the company’s financial accounts. Company can add accounts to it any time as needed.Chart of accounts is divided into balance sheet and income statement account, which is further grouped into assets, liabilities, … [Read more...] about Why and How to develop a chart of accounts for your business

Assets are financed in part by liabilities and in part by equity. Value investors are not interested to know how much return the company gets from its total investment (debt plus equity), but rather they are interested in the return that the company generates on their shareholdings. To measure how the stockholders are fared during the year, return on equity (ROE) is … [Read more...] about Return on equity (ROE): How to calculate and its use

Cheque is the most common way used for bank payments or to exchange funds between two peoples. It has flexibility in making payments to someone at a future date.Writing a Cheque will be easy as long as you know what goes there. In this article we will be discussing 5 points which you have to keep in mind while writing a Cheque.Name of the payee - To Whom Cheque is … [Read more...] about 5 important things to remember while filling out a cheque

Many beginners enter the stock market believing that big companies are always safe. But history shows that even famous and trusted companies can fail when honesty disappears from financial reporting. The biggest corporate scandals in the world teach investors an important lesson — numbers on paper do not always tell the real story.Let us walk through some major global … [Read more...] about World’s 8 biggest corporate scandals of all time