BASE rule is an acronym:Is that not simple (and very obvious)?
And yeah before I forget, this year’s ending balance is next year’s opening balance I think this is also obvious that if I had a cash of $100 with me on 31st of Dec 2010, then my opening balance on 1st of Jan 2011 would also be USD $1... (more)
Hi everybody!!! I hope you all are ready for the today’s exercise.
On a cup of green tea with a friend I grabbed the golden rule of accounting. It is simple (You can easily miss if it came your way!) and can be applied to almost all the accounts (Depreciation, Gross Block, Cash, Equity,... (more)
Under Obama, US is tackling the serious issues it inherited. The world economy, while in poor shape, has not caved, and signs of recovery are evident, pushed by stimuli, bailouts. And now, he has taken the health care issues ignored for decades.
One other significant area of development has been ... (more)