Imagine a disk spinning like a record player turn table. Half of the disk is black and the other is white. Assume you have an unlimited number of colo ...
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Disk spinning puzzle
Posted by CMaster
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A demat account is similar to a saving bank account with a difference that instead of money shares are held electronically in this acc ...
There are 3 people Abel, Bill and Clark. Three of them have numbers written on their hats. One can only see the numbers written on others hats and can ...
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An ‘account’ is the most basic concept of accounting. Accounts are maintained to record information. It is a specific location whe ...
What is the accounting equation?
Posted by CMaster
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Accounting equation is the basic equation that keeps all the accounts of the business in a balance. When a business is started, the ow ...
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A trial balance is an accounting worksheet in which the balances from all ledgers maintained in the business are compiled under the he ...
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A trial balance only enters the totals of credits against the total of debits. The fact that a trial balance tallies is only a basic a ...
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Also known as ‘profit and loss statement’, ‘statement of revenue and expenses’ it is one of the three major financial statemen ...
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