This article is about active income and passive income of my family. When it comes to earning money, my family has quite stable income these years.
Posts tagged as “interest”
In addition to Active Income, we invest all our savings into four money-generating asset classes to earn Passive Income.
This article introduces the main parts of a typical Cash Flow Statement. All Cash Flow Statements record essential predictions grouped into five basic sections.
Interest Cover measures how many times a business could pay its Interest on the borrowed capital out of its Net Profit Before Interest and TAX.
Profit and Loss Account (P&L Account), or an income statement, contains financial data which business stakeholder groups find extremely useful.
Final Accounts are records of all financial transactions of the business. At the end of each accounting period accountants draw up the Final Accounts.
This article is about different types of costs in a business. Let's consider costs when producing one type of product and many types of products.
Hire purchase occurs when an asset is sold to the buyer who agrees to pay fixed payments over an agreed period of time. How does hire purchase work?
What makes credits cards very similar to trade credit is that both act as a type of loan. How credit cards work? Paying off credit cards.
Overdraft is when the bank agrees to let the business spend more money than the business has in its official bank account.
The government strives for extreme inequality reduction in the society to make the population more equal and inclusive for all.