A large portion of all business transactions are credit transactions. One way of extending credit is by the acceptance of a “promissory note“, a contract in which one person (the maker) promises to pay another person (the payee) a specific... 

This post is filled with measurements that are of considerable use to lenders, investors, and investment analysts. The measures are used to evaluate a company’s viability. This is accomplished by examining a company’s ability to collect accounts receivable... 

I have been receiving many emails request for a post explains complete classification and elements of Balance Sheet in more details. Here I am bringing “Classification and Elements of Balance Sheet” post series. This post is designed to help you to...