Financial Accounting 10 min read
Stock Exchange Transactions
Stock exchange is an organized market where sale and purchase of listed securities of all description i.e. shares, stocks, debentures,…
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General Concepts 2 min read
When Do We Use a Rupture Disk-Relief Valve Combination?
Rupture disks are often used in combination with and installed just upstream and/or just downstream of a relief valve. You…
Financial Accounting 12 min read
Financial Accounting – Insolvency Accounts
Insolvency is a financial stringency i.e. when an individual or an organization/company is no longer capable to pay the debts…
General Concepts 1 min read
Cost Comparison Between Comparable Stand-Alone Rupture Disk and Relief Valve
Rupture disk manufacturers burst at least two disks per lot before shipping them to a customer. As a consequence even…
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…
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…