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Accounting and Finance for Bankers

Debt Service Coverage Ratio in detail

The Debt Service Coverage Ratio (DSCR) is an important measure in understanding a borrower’s ability to fulfill his financial obligations. In other words, it is a...

Debt Equity Ratio

Debt-to-equity ratio is the key financial ratio and is used as a standard for judging a company's financial position. This ratio is an important...

Stock Turnover Ratio in detail

The inventory turnover ratio, also known as the stock turnover ratio, is an efficiency ratio that measures how efficiently inventory is managed.  It establishes a relationship between the...

Adjusted Trial Balance in detail

An adjusted trial balance is a listing of all company accounts that will appear on the financial statements after year-end adjusting journal entries have been made. Adjusting...

Why Closing Stock is not Shown in Trial Balance ?

WHAT IS TRIAL BALANCE ? A trial balance is a report that lists the balances of all general ledger accounts of a company at a certain point...

Accrued Income & Journal Entries

It may so happen that we may earn some incomes during the current accounting year but not receive them in the same year. Such...

Golden Rules of Accounting

One of the most famous and commonly used terms in the field of accounting and finance is “Three golden rules of accounting”. Every entity has to follow the...

Different Types of Ledgers

What is a Ledger ? Ledger also known as the second book of entry, is defined as a book that summarizes all the journal entries...

Preparing Trial Balance from Ledger Balances

What is a Trial Balance ? A trial balance may be defined as a statement of debit and credit balances extracted from the ledger with...

Difference Between Ledger & Trial Balance

WHAT IS A TRIAL BALANCE ? Trial Balance shows the total closing balance of all the ledger accounts for the specific period i.e. for a month,...

Discount Allowed & Journal Entries

WHAT IS DISCOUNT ALLOWED ? Discounts are very common in today’s business world, they are generally provided in lieu of some consideration which can range...

Accounts Receivables and Entries

Accounts receivables can be considered as an investment made by the business that includes both risks and returns. Returns in the form of easily acquiring...

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