Why accounts payable is an easy target for frauds?

April 20, 2017 Poornima Laxmeshwar 0

A business is all about transactions. With over hundreds of genuine transactions which occur day in and day out, it is a matter of ease for any fraudster to hide the illegitimate transactions. Accounts payables transactions are the most vulnerable and can be misrepresented easily. Here are the few convenient […]

Accounting for liabilities. What you must know?

April 19, 2017 Poornima Laxmeshwar 0

Liability is defined as the company’s obligations or debts that arise during the course of business operations. It is nothing but the sum owed to the creditors for any past transaction that has occurred. They also include the revenues that the company is yet to receive the goods or services […]

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