Journal Entry for Commission Received

Companies do many works while some jobs are for profits while some works are on a commission basis, work on commission implies that company does the task and it receives a commission for the work completed. In the books of accounts of the company, journal entries have to be passed for commission received, the commission [...]

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Advantages and Disadvantages of Cashless Economy

Cashless is a word which literally means having no cash but in today’s world, it refers to using digital form of payments instead of cash for payment of various expenses or transactions done by the individual. In order to understand this term better let’s look at advantages and disadvantages of cashless economy – Advantages of [...]

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Cash Inflow Examples

Cash inflow is very important as far as companies are concerned because cash is the lifeline of any business and without it, a company cannot survive. Cash inflow can come from variety of sources and at the end of financial year a company would ideally want to have positive cash inflow, let’s look at some [...]

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Advantages and Disadvantages of Delegation

Delegation is perhaps the most significant word when it comes to the organizational structure because if the right job is delegated to the right person then it can be very successful and time-saving for the top management however if there is any mistake in delegation then it can be a disaster for the organization. Delegation [...]

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KPMG Company Profile

KPMG is one of the big 4 accounting firms of the world and it is known for its professional services in the field of audit, tax, and advisory services. It’s a multinational company having a presence in several countries and as far as accounting and finance graduates are concerned it’s the dream company to work [...]

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