# Author Archives: Editorial Staff

We are a team of finance professionals led by Abhi. Abhi has more than a decade experience in taxation, sap and personal finance.

## How to appoint or remove a nominee in one person company (OPC)

Nominee is a person appointed by the member of the one person company (OPC) who shall, in the event of subscriber’s death or his in capacity to contract

## How many board meetings a One Person Company should conduct in a year

To consider policy issues and other major problems of a one person company, board meetings are held by bringing together the directors. Companies act allow you to hold

## Why and How to calculate current ratio

Investors judge a company by using various methods to know whether a company has adequate working capital or not. In this regard, current ratio is more useful than

## Income statement or Profit & loss account in financial statements

To present financial position for a period to public, companies prepare financial statements. It has four main parts, the balance sheet, income statement, cash flow and retained earnings

## What is Operating cycle of a business

In a business, operating cycle is the average number of days a company takes to put cash into the business operation and then convert it back to cash.

## How cost of goods sold or COGS is calculated

Cost of goods sold is shown in the income statement of a company which is into manufacturing, wholesaling, retailing and into similar kind of business. Cost of goods

## What is Shareholders’ equity on the balance sheet

A company’s balance sheet has three major sections, assets, liabilities and stockholders’ equity or owner’s capital. Liability represents the total debt of the company and owner’s capital represents

## What is price to book ratio and how to calculate it

P/B or Price To Book Ratio is calculated to compare market price of a stock with its book value. Its calculated by dividing current market price of the

## Accounts payable on the balance sheet

Accounts payable is the amount that the company owes to its creditors or outsiders from whom it has brought goods or services. Total amount of accounts payable as

## Beginner’s Guide to Reading and Understanding Assets on the Balance Sheet

On the balance sheet you have three major components, assets, liabilities and owner’s equity. In this article, we will understand the term asset and its components. An asset