Generally, a company gives two kinds of dividends to its shareholders - cash dividends and stock dividends. A cash dividend is one in which the company distributes a definite amount of money to each shareholder for each share owned. On the other hand, a stock dividend is obtained from distributable equity in the form of stock. Oppositely, Stock Split is another action which the company takes, in which the number of shares held by a shareholder gets multiplied. In this, what exactly happens is … [Read more...]

Have you any idea of the shipping agreements? There are two famous international shipping agreements, i.e. CIF contract and the FOB contract. These contracts are used for the transportation of goods between the buyer and seller. In FOB contracts, the seller's duty is to load the goods onto the ship proposed by the buyer. As against, in CIF contracts, the duty of the seller is to deliver the goods to the shipping company for transmitting them to the buyer. Do you know? FOB and CIF contracts … [Read more...]

In auditing, verification implies the process of checking the accuracy of the value of assets and liability. The auditor checks the accuracy with regard to the title and the existence of the assets and liabilities as the company's books reflect. Valuation of assets means the determination of the value of the specific asset of the enterprise on the balance sheet date. It involves testing the correct value of assets depending upon their utility. In short, it is all about finding out the … [Read more...]

Promotion is an upward movement on the organizational ladder. It involves shifting an employee from a lower designation to a higher designation. On taking charge of the higher position, the employee will have greater authority, status, responsibilities, and so forth. And at the same time, he will get better remuneration and emoluments. But, the transfer is a lateral move on the organizational ladder. It involves shifting an employee from one place to another, like one branch or department to … [Read more...]

While a pamphlet is a non-commercial advertising tool, a brochure is a commercial one. In this sense, we use pamphlets to inform, but brochures to promote something. When compared to flyers and leaflets, which are throw-away documents, a brochure is a promotional sales tool, which is meant to be kept and refer more than once. It does not just target customers, but also resellers and sales teams. There are a number of terms, which are connected to the printing world, that you might encounter … [Read more...]