LearningCat: Accounting Principles Payable & Receivable

Accrual Accounting vs. Cash Accounting: Which is Right for Your Business?
Picking a suitable accounting method is a complex task. For tracking financial transactions, accrual and cash accounting are the two main ways. Each method carries merits and demerits. It depends on you whether to take accrual or cash according to your business needs. This blog will be a guide to clearly distinguishing between those two […]
Double Entry System
In modern financial management, the double entry system is considered the anchor in the accounting world. It offers a resilient setup to record and analyze transactions. We acquired this system because of its accuracy and stability. In India, understanding this system is very important for any business and financial professional to retain transparency and clear-cut […]
Recognition of Payables and Receivables: What You Need to Know
Managing cash flow is the backbone of any business. And at the heart of it all are payables and receivables—basically, who you owe money to and who owes you. If you don’t understand how and when to recognize them, your entire business can go sideways. Whether you’re just getting into commerce or training to become […]