Fixed Deposit
A financial instrument offered by banks where a sum of money is invested for a fixed term at a predetermined interest rate. It provides guaranteed returns and is recorded as an investment asset in accounting. Businesses use fixed deposits to park surplus funds while maintaining liquidity and earning steady interest.
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Functional Currency
Functional currency is the primary currency in which a business conducts its main economic activities. It reflects the environment where…
Fringe Benefits
Fringe benefits are non-wage compensations provided to employees, such as health insurance, bonuses, company vehicles, or retirement contributions. From an…
Financial Risk
Financial risk is the possibility of losing money due to factors like debt obligations, market fluctuations, interest rate changes, or…
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