Loans are sums of money given out by financial institutions on the understanding that they will be repaid with interest. It can be in mode of home loan, car loan, education loan, business loan, also there are many companies which provides loan alternatives which are faster than small business loans. There also exists cash advance [...]

A current liability is the opposite of a current asset. It is a financial obligation which a company is expected to have to discharge within a short period of time, sometimes formally defined as one year or the current financial year. Liabilities are anything for which the company will have to pay out money. The [...]

A current asset is a highly liquid asset which is expected to be used up within a short period time. Examples of current assets include cash, inventories of goods, accounts receivable ( in other words, invoices which have been issued for prior delivery of goods or services and are expected to be paid soon), and [...]

A cash flow statement is an accounting document which shows the amount of cash held by a company over a defined period of time. It records the various transactions the company engaged in and how they affected its cash reserves. The cash flow statement may also record the level of other assets which are deemed [...]

A balance sheet is a financial statement which describes a company’s overall financial position at a moment in time. It is considered one of the most important forms of financial statement and, in many countries, there is a legal requirement that companies submit a balance sheet to the government on a periodic basis (usually yearly), [...]