IDBI Bank Account (Saving and Current) Opening with ZERO Balance
Savings accounts were started so that the customers can earn some interest without opening any FD or RD, and somehow, it is beneficial for day to day banking needs. However, not all savings accounts are equal. Every other bank does offer different rates of interest…
IDBI Bank Education Loan – How to Apply, Interest Rates and Eligibility
Every child has the right to study. In simple words, every child needs education to get success in his/her life. Unfortunately, we are living in an era where everything has a price, and we should have to pay to get anything done. Similarly, in education…
Current Ratio Definition Formula Calculator – Basics and Important Points
Current Ratio is one of the most heard terms in Accounting. However, there are more meaning and use of current ration than that. Well, Current Ratio is basically a liquidity ratio which helps in measuring the ability of the company to pay obligation that is short…
Accounting Principles, Concepts, Key Assumptions and Basic Terms
The more accounts you learn, the more comfortable for you to manage your business. accounting principles are the basic terms of accounts and which should be learned and recognized by everyone. Remember that. It is not a class test that you will determine and forget…
Inventory Turnover Ratio Analysis, Formula and How to Calculate It?
We do know about the inventory, which is the stocks we hold in an organization. Now comes to the Inventory turnover ratio, which used to calculate the ratio of goods sold and purchased during a financial year. Inventory turnover ratio is important because it focuses…
What is Simple Interest Formula? Definition, Examples
Interest is something that we owe, and we receive as well. But have you ever think about calculating the exact interest rate that you owe to the creditors or the interests which you are going to obtain from the bank. Therefore, there is a Simple…
Break Even Analysis – Learn How to Calculate the Break Even Point?
Whenever you are going to gain the profit, you will have to make sure that you choose the right kind of process for it. In fact, if you are running any small or big business, you can simply go for the formula like break even…