Financial Accounting 6 min read
Financial Accounting – Investment Account
Anyone can buy and sell securities from a stock exchange with the purpose to increase his/her (monetary) assets. Sale and…
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Financial Accounting 8 min read
Financial Accounting – Leasing
In the field of real estate, leasing is a popular term because it is advantageous to own land and building.…
Financial Accounting 9 min read
Financial Accounting – Single Entry
As we know, there are two systems of recording transactions in our books of accounts. In the previous chapters, we…
Financial Accounting 10 min read
Financial Accounting – Non-Trading Accounts
Some of the organizations or institutions are constituted to provide valuable services to the society with the objective not to…
Financial Accounting 8 min read
Financial Accounting – Joint Venture
An association of two or more persons or we may say temporary partnership combined for the carrying out a specific…
General Concepts 2 min read
Rupture Disks
Why Do We Use a Stand-Alone Rupture Disk? A rupture disk is just another pressure relieving device. It is used…
General Concepts 4 min read
New Drug Application (NDA)
After all of the clinical trials mentioned above are completed, then the company analyzes the data and files an NDA…
Financial Accounting 8 min read
Accounting for Consignment
Due to increasing size of market, it is quite obvious that manufacturers or whole sellers cannot approach directly to every…
Financial Accounting 4 min read
Analysis of Changes in Income
The purpose of preparing a financial statement is not only to know the net income or losses of concern for…
Financial Accounting 6 min read
Financial Accounting – Inventory Valuation
The Institute of Chartered Accountant of India as per Accounting Standard-2 (Revised) defines inventory as the assets held − · For sale in…
Financial Accounting 10 min read
Bills of Exchange and Promissory Notes
Essentials of Bills of Exchange Following are the essentials of a bill of exchange − · Bill of exchange should be…
General Concepts 1 min read
Clinical Trials, Phase I, II, & III
After the IND has not been disapproved within 30 days, then the next phase of testing begins, which is the…
