Day: February 26, 2021

INTRODUCTION Inventories constitute the most significant part of current assets for a large majority of companies in India. On an average, inventories are approximately 60 per cent of current assets in public limited companies in India. Because of the large Read More …

INTRODUCTION External funds available for a period of one year or less are called short-term finance. In India, short-term funds are used to finance working capital. Two most significant short-term sources of finance for working capital are: trade credit and Read More …

INTRODUCTION A firm should be managed effectively and efficiently. This implies that the firm should be able to achieve its objectives by minimizing the use of resources. Thus managing implies coordination and control of the efforts of the firm for Read More …

INTRODUCTION The management, creditors, investors and others use the information contained in the statements of changes in financial position (funds and cash flow statements) to form judgment about the operating performance and financial position of the firm. Users of financial Read More …