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What is a fixed budget?

A fixed budget is a financial plan that is not modified for variations in actual activity. Since most companies experience substantial variations from the...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Which share is good for intraday today?

49 Best intraday tips for today NSE Company Intraday trade Stoploss 2 HDFC Bank Limited – HDFCBANK BUY 1398.25 Hindalco Industries Limited – HINDALCO SELL...

How the capital expenditures budget affects other operating budgets?

In addition, operating budgets show expenses as they affect the income statement. Capital budgets cover capital expenses, which are capitalized and appear...

How do I create an automated Excel spreadsheet?

How to Automate an Excel Spreadsheet Open the spreadsheet where you would like the macro to run. Click the “Developer” tab, then click “Record Macro.” Typ...

What does the disclosure principle require?

The full disclosure principle is a concept that requires a business to report all necessary information about their financial statements and other relevan...

How do you respond to a complaint letter?

To do this: Acknowledge the specific problem highlighted in the complaint. If they make several points, respond to each one in turn. Apologize sincerely f...

What are the liabilities of an agent?

Personal Liability of the Agent : We have already seen that basic principle of agency is that agent acts on behalf his principal and therefore cannot pers...

Is just-in-time production a pull system?

When the just-in-time concept is applied to an industrial material management system, it is called a pull system, which means that the amount and time of ...

What type of account is purchases account?

The Purchase Account is a Nominal account and the Creditors Account is a Personal account. Applying Golden Rule for Nominal account and Personal account: ...

What is reconciliation of cash flow statement?

Therefore, companies must reconcile the cash flow statement to the income statement through an adjustment and reconciliation process. Under the direct met...