Current Affairs
1. The Sultan Azlan Shah Cup is related with Hockey.
2. The Elephanta Festival is organized by Maharashtra.
3. Online Shopping portal Snapdeal.com has tied with Mahindra n Mahindra to sell its two wheelers.
4. The first lady Michelle Obama and the secretary of state John Kerry will present the “International Women Courage Award” to Delhi victim.
5. Services defeat Kerala to 67th Santosh Trophy Football Tournament.
Some useful terms for non-finance students
Balance sheet:- It is the statement of assets and liabilities, i.e., financial position of an enterprise at a given date. It is also known as Position Statement.
Profit and Loss Accountts:- it shows the net result of business operations during an accounting period. It is also known as Income Statement.
Financial Statements:- “The Financial Statements provide a summary of accounts of a business enterprise, the Balance Sheet the assets, liabilities and capital as on a certain date and income statement showing the results and operations during a certain period.”
John N. Myer
Cash Flow Staement:- A Cash Flow Statement is a statement showing the flow of cash-- inflow and outflow, during an accounting period. It is an essential tool for short-term financial analysis.
