Voyage Accounts Meaning & Preparation of Voyage Accounts
by The method of accounting followed by shipping companies is known as voyage accounting. Shipping companies …
Insolvency Accounts Meaning
In accounting, insolvency is the state of being unable to pay the debts, by a …
Deficiency Account
When any company becomes bankrupt, at that time, deficiency account is prepared. This account shows …
Default in Payment and Partial Return of Goods
Default is failure to meet the legal obligations (or conditions) of a loan, for example …
Installment Accounts
The installment method is an approach to revenue recognition in which the business owner defers …
Important Differences between Inbound and Outbound Logistics
Inbound Logistics is concerned with pre-production activities of logistics i.e. arranging resources and raw materials …
Traditional commerce vs. e-commerce
Traditional commerce refers to the practice of selling products and services within a single industry …
Important Differences between Push Marketing vs. Pull Marketing Strategy
Push Marketing Strategy A push promotional strategy is a marketing strategy that sees companies take …
Internal Control vs. Internal Audit
Internal Control Internal control, as defined by accounting and auditing, is a process for assuring …
Job and Batch Costing
Job Costing Job costing is accounting which tracks the costs and revenues by “job” and …