Basics 4 min read
What are accruals?
Accruals are adjustments for 1) revenues that have been earned but are not yet recorded in the accounts, and 2) expenses that have been incurred…
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Basics 4 min read
What is the difference between accounts payable and accounts receivable?
Accounts payable are amounts a company owes because it purchased goods or services on credit from a supplier or vendor. Accounts receivable are amounts a company…
Basics 7 min read
What is the purpose of subsidiary ledgers?
A subsidiary ledger contains the details to support a general ledger control account. For instance, the subsidiary ledger for accounts receivable contains…
Basics 5 min read
What is a general ledger account?
A general ledger account is an account or record used to sort and store balance sheet and income statement transactions. Examples of general ledger accounts…
Basics 4 min read
Underwriting Agreement
After the determination of the Issue Price and allocation of our Equity Shares but prior to filing of the Prospectus…
Basics 3 min read
Under Writing of Shares and Debentures
Underwriting is an agreement, with or without conditions, to subscribe to the securities of a body corporate when existing shareholders…
Basics 5 min read
Sources of redemption
From the point of view of sources redemption may be carried out with the help of any of the following…
Basics 2 min read
Different Methods of Redemption Of Debentures
Though discharge of debenture liability is usually by paying cash to the debenture holders for which either of the two…
Basics 2 min read
Non-cumulative sinking fund
A non-cumulative sinking fund differs from the cumulative type of sinking fund only in one respect: in non-cumulative sinking fund,…
Basics 2 min read
Restrictions on Dividends
Ø In the case of new company, distribution of dividends shall require the approval of trustees to the issue of debentures…