What is Trial Balance? Meaning, Definition, Format & Objectives

Trial balance is a statement which takes into account all the debit and credit balances from the ledger accounts. It is prepared in order to verify whether the balance of debit side is same as that of the credit side. Trial balance can also be defined as a statement consisting of balances of different ledger accounts

What is Trial Balance? Meaning, Definition, Format & Objectives Read More »

What is Fund Flow Statement? Meaning, Definition, Uses & Objectives

As balance sheet and income statement provides only limited information, it is necessary to prepare a statement which shows the changes in both assets and liabilities of the firm during a specified period of time. Such a statement is known as a funds flow statement or statement of sources and application of funds or statement

What is Fund Flow Statement? Meaning, Definition, Uses & Objectives Read More »

Octal to Binary Converter – Steps, Table & Examples

Octal to Binary Converter Enter an octal number: Convert Binary equivalent: Thus, an Octal to Binary Converter is a tool that is used to convert a number represented in octal (base-8) notation to its binary (base-2) equivalent. The tool takes an octal number as input and performs the conversion using a simple process that involves

Octal to Binary Converter – Steps, Table & Examples Read More »

What is an Ideal Transformer? Working, Phasor Diagram, Formula & Properties

An ideal transformer is the transformer having the following Properties. The losses are zero (No iron loss, no copper loss). The primary and secondary winding resistances are zero. The leakage flux is zero. Therefore all the flux produced by the primary winding is coupled to the secondary. A small current is required to develop flux

What is an Ideal Transformer? Working, Phasor Diagram, Formula & Properties Read More »