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…
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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…
Financial Accounting 9 min read
Measurement of Business Income
One of the most significant accounting concepts is “Concept of Income”. Similarly, measurement of a business income is also an…
Financial Accounting 5 min read
Provision and Reserves
Meaning of Provisions “Any amount written off or retained by the way of providing depreciation or diminution in the value…
Financial Accounting 12 min read
Financial Accounting – Final Accounts
Final Accounts are the accounts, which are prepared at the end of a fiscal year. It gives a precise idea…
Financial Accounting 1 min read
Financial Accounting – Capital and Revenue
One of the major aspects of preparing a correct financial statement is to distinguish revenue and capital in regard to…