Posted byAdmin
Accruals vs Provisions Accruals and provisions are both essential aspects of a firm’s financial statements, and serve the purpose of providing users of financial information an insight regarding the company’s current financial status and the changes expected in the future. Both accruals and provisions are equally important, and the accountant must ensure that they are […]
Posted byOlivia
Credit Note vs Debit Note If you have an account with a bank, you can see the entries in your passbook as either credit or debit. When you deposit money in your account or get a cheque in your name, it is marked as credit and the balance in your account goes up by that […]
Posted byOlivia
Factoring vs vs Accounts Receivable Financing Factoring and Accounts Receivable Financing are terms related to financing small businesses. It has always been a difficult task to secure capital to start a venture as banks are not willing to provide capital without asking for collateral or financial statements for the past few years which is obviously […]