For every business, there are two kinds of expense, fixed and variable expense. For example, a manufacturer or a service provider may incur some fixed cost like factory equipment cost, rent etc which he will have to pay irrespective of the output and some variable costs like cost of inventory…

What is freedom ? The story started when a group of internet users started running the #bitcoin software released and distributed by an anonymous programmer #Satoshi Nakamoto; on their personal computers back in 2009 and started exploring an alternative “way” to transact value without the need of any central banks. …

“How blockchain technology combined with new age accounting mechanism of triple entry bookkeeping can proactively prevent Financial frauds” Technology for governance — boon or bane For the last four decades, there has been a rise in the usage of technology to improve governance. To quote Honorable Prime Minister of India…

Overview Currently global accounting practices/accounting standards and related technology solutions are built on top of a fundamental accounting principle known as double-entry bookkeeping. In the double-entry accounting system, at least two accounting entries are required to record each financial transaction. In recent times, I believe that the limitations of these…