Tag: E

February 19, 2020

Barrels of Oil Equivalent (BOE)

What is the definition of a Barrels of Oil Equivalent (BOE)?DefinitionBarrels of oil equivalent is a measure of the amount of energy contained in a barrel of oil. BOE is primarily a measure of en...

February 19, 2020

What is Bankruptcy

DefinitionBankruptcy is a term used to describe an individual’s or organization’s inability to make payment to its creditors or fulfill its outstanding financial obligations. Though the term is mo...

February 18, 2020

Banker’s Acceptance (BA)

DefinitionThe banker’s acceptance, also known as bill of exchange, is a bank draft that requires a bank to pay a holder of an instrument a stated amount on a specified date. This usually occurs with...

February 18, 2020

Bank Reconciliation

DefinitionA bank reconciliation is a document that matches a company’s cash balance on its balance sheet to the equivalent amount on its bank statement. Bank reconciliation is done at intervals to e...