Bad Debt

What does it mean? Bad Debt is debt that is not likely to be settled either due to failure in repayment by the borrower or due to no action to recover the debt from the collector. Bad Debt is mostly written off as uncollectible, which can impact the borrower’s credit score drastically.  Points to remember […]

Balance Sheet

A balance sheet is a financial statement of an institute or company’s assets on one side and liabilities on the other side. The statement also includes financial aspects like total debt and shareholders’ equity capital along with the assets and liabilities. Points to remember A balance sheet is usually calculated after every quarter, a six-month […]

Bombay Stock exchange (BSE)

What is BSE? The Bombay Stock exchange (BSE) is the maiden and one of the largest securities market in the country. It lists about 6,000 companies. The securities listed in BSE include stocks, stock futures, stock options, index futures, index options and weekly options. Points to remember The index measuring the performance of stocks traded […]


What does it mean? A budget is a formal annual financial statement that lays out an estimate of the income and expenses in line with future objectives. In other words, it is a statement outlining the estimated revenues and expenses for an upcoming period. Points to remember A budget can be a corporate or a […]