Accounting Education

Accounting Test Online - Part 8

noreply@blogger.com (Vinod Kumar) — Wed, 30 May 2012 23:18:21 PDT

Today is 31st May and this is the end of may. Now, today, we are starting a new section in which, I will teach accounting whole the month and end of month, you have to give test. This will be...

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Cash Flow to Assets

noreply@blogger.com (Vinod Kumar) — Tue, 29 May 2012 23:21:13 PDT

Cash flow to assets is the accounting ratio which tells us the relationship of cash flow from operation and our total assets. To find this ratio is very necessary for knowing capacity to buy new...

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How to Make a Journal Entry

noreply@blogger.com (Vinod Kumar) — Tue, 29 May 2012 10:26:39 PDT

In this world, the power of making is in the hand of God. We can not make anything, we can just copy from the creation of God. God also gives us brain for knowing his creation and using it for new...

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Cash equivalents

noreply@blogger.com (Vinod Kumar) — Mon, 28 May 2012 22:14:48 PDT

Cash equivalents are those liquid assets which can easily convert in cash. For example, our cash in our bank account is cash equivalent because we can easily withdraw cash from bank through our ATM....

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To and By in Accounting

noreply@blogger.com (Vinod Kumar) — Mon, 28 May 2012 10:42:18 PDT

Today one of Indian accounting teacher asks the meaning of "to and by in accounting" from me. As per my definition. To account represents the account which will go the debit side of an...

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List of Mutual Funds in Saudi Arabia

noreply@blogger.com (Vinod Kumar) — Mon, 28 May 2012 04:32:40 PDT

Saudi Arabia is the one of the country in the world which produces and exports the petrol at large scale. Due to this, its per capita income is the largest in the world. It is estimated that...

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Carry over in Accounting

noreply@blogger.com (Vinod Kumar) — Mon, 28 May 2012 01:21:44 PDT

Carry over means to transfer of journal total or the balance of account from one page to other or from one period to other. Instead of using carry over, we use carry forward or C/F. Both carry...

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Boot in Accounting

noreply@blogger.com (Vinod Kumar) — Mon, 28 May 2012 00:46:43 PDT

Boot means "in addition". In business, if anybody transfers his asset to other in addition to obtained price, it will be the boot because there is not any consideration of boot asset. It only...

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Accounting Basics - Three Main Accounting Mistakes

noreply@blogger.com (Vinod Kumar) — Fri, 25 May 2012 23:34:57 PDT

This is good, you have started to learn accounting basics before learning its advance concepts. But do you know what are the three main accounting mistakes which do accounting students? Mistake...

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What are Accounting Basics

noreply@blogger.com (Vinod Kumar) — Thu, 24 May 2012 05:02:32 PDT

Yesterday, I received on call from an advocate who is BA, LLB who is doing CS from ICSI. He is asking me to explain my CS accounting notes because he was not understanding advance concepts of...

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Plant Utilization Budget

noreply@blogger.com (Vinod Kumar) — Mon, 21 May 2012 21:16:03 PDT

Plant utilization budget means the budget which estimate the requirement of machines or other equipment each product in each cost center. When we know that in A cost center, we need 25...

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How Much can An Accountant Earn

noreply@blogger.com (Vinod Kumar) — Fri, 18 May 2012 12:13:45 PDT

You think that an accountant can earn Rs. 10,000 to Rs. 1,00,000 per month, then you are totally wrong. As per my thinking, an accountant can earn unlimited money. He can earn enough which can not be...

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How to Reduce Inventory Holding Costs

noreply@blogger.com (Vinod Kumar) — Thu, 17 May 2012 23:04:38 PDT

If we buy inventory for production or sale, we have to pay three types cost. One is the price of material. Second is its carrying cost and third is its holding cost. But holding cost is important all...

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How to Increase Indian Rupee Value Against Dollar

noreply@blogger.com (Vinod Kumar) — Thu, 17 May 2012 11:25:29 PDT

Before asking this question and searching its answer on net, you should ask two question before this and try to get its solutions. One is why should we increase Indian rupee value against dollar? and...

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Opportunity in Accounting

noreply@blogger.com (Vinod Kumar) — Tue, 15 May 2012 10:47:15 PDT

Dictionary definition of opportunity is, "A set of circumstances that makes it possible to do something." Whether To become only successful accountant is only opportunity in Accounting. No,...

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Ledger Posting Examples

noreply@blogger.com (Vinod Kumar) — Mon, 14 May 2012 22:28:36 PDT

Ledger posting examples will make you capable for posting all journal entries in the different accounts of ledger. After learning journal entries examples, you should learn the system of posting any...

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Sales Mix Variance

noreply@blogger.com (Vinod Kumar) — Sun, 13 May 2012 22:04:53 PDT

Meaning of Sales Mix Variance Sales mix variance is the part of sales volume variance which happens due to difference between standard value of actual mix and standard value of revised...

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Sales Volume Variance

noreply@blogger.com (Vinod Kumar) — Sun, 13 May 2012 21:27:48 PDT

Sales volume variance is that part of sales value variance which is calculated by taking difference between actual quantity of sales and standard quantity of sales. following is its formula Sales...

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Sales Price Variance

noreply@blogger.com (Vinod Kumar) — Sun, 13 May 2012 21:04:43 PDT

Meaning Sales Price Variance Sales price variance is variance due the difference between actual sales price and standard sales price. If actual sales price is more than standard sales price, this...

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Beta Coefficient in Finance

noreply@blogger.com (Vinod Kumar) — Fri, 11 May 2012 21:48:19 PDT

In finance, beta or beta coefficient is important term for checking the changing in the value or return of any financial asset by creating its relation with the market value or return of same...

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Balance Sheet Shrinking

noreply@blogger.com (Vinod Kumar) — Thu, 10 May 2012 21:16:30 PDT

If your eye is on the financial news, you would surely read balance sheet shrinking term. For example, HBO shrinks its balance sheet. European banks shrink their balance sheet by 2.6 trillion dollars...

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Fixed Overhead Efficiency Variance (Simplified)

noreply@blogger.com (Vinod Kumar) — Wed, 09 May 2012 00:25:38 PDT

Fixed overhead efficiency variance tells us the difference between the standard fixed overhead cost and actual fixed overhead cost. It has two parts. One is fixed expenditure overhead variance and...

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Why is Rupee falling against US Dollar?

noreply@blogger.com (Vinod Kumar) — Mon, 07 May 2012 10:29:46 PDT

In 1947, one USA Dollar was equal to the One Rupee. If you study the history of 65 years, you will see that rupee is continually falling. This is not the question of current year 2012. From 65 years,...

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Bond Indenture

noreply@blogger.com (Vinod Kumar) — Sun, 06 May 2012 22:27:17 PDT

Bond indenture means legal agreement for issuing the bond. This agreement is done between bondholder and company who issues the bond. This is also called trust indenture. This bond indenture is...

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Bid and Asked

noreply@blogger.com (Vinod Kumar) — Sun, 06 May 2012 21:58:43 PDT

Meaning of 'Bid And Asked' Bid and asked term is used in stock trading. In the share market, there are two parties. One is buyer of stock and other is seller of stock. Bid is that price which any...

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