Management Accounting

Paid In Capital

Paid in Capital can be defined as the fund that is raised by the business through shareholder equity and not from the other business operations such as sales and services. Paid in capital is comprised of the amount or cash that is paid by

Subsidiary Ledger

As we all know about the ledger it is an accounting book in the double entry system that is used to record and maintain transactions for a business. There are different types of ledgers one of them is subsidiary ledger that is used to

Purchase Ledger

A purchase ledger can be defined as a sub ledger in business accounting that is used to record all the purchases made by the business in that accounting period. The entire amount that a business is spending and transacting with its supplier is aggregated

Sales Ledger

A sales ledger is an accounting document that displays a complete itemization of all the sales made by the business along with presentation of these sales in the respective date sequence. Sales ledger also addresses credit issues such as product returns by the customers

Overhead Ratio

Overhead ratio is the ratio that is directly related to the operating expense of the business. Operating expenses are the expenses that occur during the day to day routine of the business. We cannot compare operating expense directly to the operating income of the

Fixed Budget

A fixed budget is the financial plan designed and implemented by the management that is not changed or altered throughout the accounting and budgeting period. It remains same and uniform even if the level of activity changes within the business. However in actual situation
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