Financial Health

What is the meaning of CASA?

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 the term deposits and the non-term deposits. While […]

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What is a Balance Sheet?

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 is owned and owed by the firm along […]

What is ‘Accrual Accounting’?

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 where many credit transactions or even goods and […]

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