Interest
Interest is the cost of borrowing money, or the return earned on invested funds. It’s usually expressed as a percentage (interest rate) of the principal. For borrowers, it’s an expense, for lenders or investors, it’s income. Interest can be simple, or compound based on how it’s calculated.
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Inventory Turnover Ratio
The inventory turnover ratio measures how efficiently a company manages its inventory by comparing cost of goods sold to average…
Intercompany Transactions
These are transactions that occur between entities within the same corporate group, such as sales, loans, or service charges. They…
Input Tax Credit (ITC)
Input tax credit allows businesses to claim credit for the GST paid on purchases used for business operations. It reduces…
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