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Consider you giving your car to your bestie with checklists to take care of. It may include To-Do List like keeping a petrol tank full, obeying traffic rules (positive debt covenants). It may also include a Not To Do list like No rash driving, No drink & drive (negative debt covenants). Similarly, a Debt or …
Imagine the House you own, or your parents own which will pass on to you in the future. If you decide to sell it today, it will fetch you money in return. Therefore that house becomes your Financial assets. The asset is something valuable that can fetch you money in return or gives you benefits. …
Unseen, scary, and breathtaking, Coronavirus is no less than a scary disease and at present, the world is haunted by it. The worst part is that we do not know much about it, still in the exploring phase. Corona Virus is trying to swallow the entire world in one shot. COVID-19 the scary virus has …
How to Save money from Salary, is a common question to which you will find thousands of answers but let me introduce to you an answer which is practically applicable. Let me put it this way Is it easy to save money from your salary? The obvious answer is a big “No”. Salary that we …
Different makeup products are used to enhance different body parts likewise we have different types of accounts categorizing the transactions under different heads. Each of these accounts forms the pillars of the Accounting transactions. Golden rules of Accounting or Bookkeeping rules lays the foundation of Journal Entries. Remembering the Golden Rules of Accounting is important …
Read moreGolden Rules of Accounting- secrets to remember them