Breakeven is the point at which at profit is “ZERO”. It’s important for entity to know how much revenue to revue it has to earn to reach at point after passing which they are going to start earning profits. It helps entity in making important decisions adding to its profits. It makes life much …
Structure of organization is arrangement of jobs within organization. It defines how jobs are grouped and coordinated in entity. Authorities and responsibilities of individuals working at different levels of organizations are defined according to structure of entity. In simple words organizational structure gives basic understanding how organization operates, its resources, filed of operations and specializations. …
Current Liabilities are obligations of a company that a company is required to settle within one year or expected to settle within its normal operating cycle. Current liabilities are short-term liabilities. Liabilities are financial obligation which requires transfer assets (such as cash) for settlement. The liabilities are mainly classified into current and non-current liabilities based …