Two principal limitations of accounting ratios are given below. Ideal ratios can be established and the relationships between primary ratios may be used to establish the desirable co-ordination or balance. A financial ratio or accounting ratio is a metric used to determine the efficiency and profitability of a company derived from its financial statements. These […]
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Statutory Accounts Meaning
3 of an offence a recognized by statute. Statutory accounting is the accounting practice of insurance companies in the USA. Definition statutory reporting By TechTarget Contributor Statutory reporting is the mandatory submission of financial and non-financial information to a government agency. This is because insurance companies will at one point or another have to pay […]
Revenue Account Normal Balance
The revenue account sales has a normal credit balance. On a balance sheet assets must always equal equity plus liabilities. One of the basic accounting terms is a normal balance. It is a bit of a strange balance day adjustment so we thought it worthwhile to cover providing you with the correct information. The normal […]
