Abdul Ahad

Aspire to inspire before we expire.

Campus Ambassador at Viden.io

Studied at Sharda University

Studied at Delhi Public School Kashi

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Probability

Probability is a measure quantifying the likelihood that events will occur. See glossary of probability and statistics. Probability quantifies as a number between 0 and 1, where, loosely speaking, 0 indicates impossibility and 1 indicates certainty.

Law Of Contract

A contract is a written or expressed agreement between two parties to provide a product or service. There are essentially six elements of a contract that make it a legal and binding document. In order for a contract to be enforceable, it must contain An offer that specifically details exactly what will be provided.

vlookup sheet

The VLOOKUP function in Google Sheets is designed to perform a vertical lookup - search for a key value (unique identifier) down the first column in a specified range and return a value in the same row from another column. ... If index is less than 1, a Vlookup formula returns the #VALUE! error.

Inventory Valuation

An inventory valuation allows a company to provide a monetary value for items that make up their inventory. Inventories are usually the largest current asset of a business, and proper measurement of them is necessary to assure accurate financial statements.

Format of Trading Account

Trading account assets refer to a separate account managed by banks that buy U.S. government securities and other securities for their own trading account or for resale at a profit to other banks and to the public, rather than for investment in the bank's own investment portfolio.

Format of PROFIT and LOSS account

An income statement or profit and loss account is one of the financial statements of a company and shows the company’s revenues and expenses during a particular period. It indicates how the revenues are transformed into the net income or net profit.

Provision And Reserves

The Provision means to keep some money for a known liability which is probable to arise after a certain time. The Reserve is to retain some money from the profit to for any particular future use. The amount of provision cannot be used to pay off dividends, but the amount of the reserves can be used for so.

Ratio Analysis

Ratio analysis is a quantitative method of gaining insight into a company's liquidity, operational efficiency, and profitability by comparing information contained in its financial statements. Ratio analysis is a cornerstone of fundamental analysis.

Depreciation

In accountancy, depreciation refers to two aspects of the same concept: The decrease in value of assets The allocation of the cost of assets to periods in which the assets are used Depreciation is a method of reallocating the cost of a tangible asset over its useful life span of it being in motion.

Final Accounts

Final accounts gives an idea about the profitabilitty and financial position of a business to its management, owners, and other interested parties. All business transactions are first recorded in a journal. They are then transferred to a ledger and balanced. These final tallies are prepared for a specific period.

Goodwill and Its Valuation

Goodwill is an intangible asset. The real value is indeterminable for non-purchased goodwill and based on arbitrary measurement. The valuation of goodwill is often based on the customs of the trade and generally calculated as a number of year's purchase of average profits or super-profits.

Format Of Balance Sheet

In financial accounting, a balance sheet or statement of financial position or statement of financial condition is a summary of the financial balances of an individual or organization