Financial Health

What is the meaning of CASA?

December 29, 2017

Current Account and Savings Account or CASA is a term generally used in West Asia and South-east Asia. It stands for the money which gets deposited in the current and savings accounts of customers of the bank. There are two types of accounts offered by banks, namely...

What is a Balance Sheet?

December 6, 2017

A Balance Sheet is a financial statement of any company or is the summary of its assets and liabilities, equity capital, total debt, etc. at a specific point in time. It reflects the financial health of a firm and gives appropriate knowledge to the investors about what...

What is ‘Accrual Accounting’?

November 25, 2017

Accrual Accounting is a technique of accounting in which transactions viz. revenue and expenses are recorded as and when they are incurred irrespective of when the cash is exchanged. This is highly significant in the assessment of the health of any organisation. This is useful in businesses...