Credit Utilization Ratio - IMAGE

Mastering the Credit Utilization Ratio: How to Optimize Your Credit Score with Multiple Credit Cards

ByMANI

The Credit Utilization Ratio is a crucial aspect of credit scoring. It measures the percentage of available credit a person is using. It is calculated by dividing total credit card balances by the sum of credit limits. For instance, if someone has a credit limit of INR 100,000 and an outstanding balance of INR 30,000,…

The Rule of Debit and Credit - image

The Rule of Debit and Credit Transactions: Examples

ByMANI

Understanding of Debit and Credit transactions is essential for accountants. But these days, “this rule” is taught even to Business Schools. Debit and Credit transactions are used for accounts management of company. It is also known as “double entry system“. Why double-entry system is called so? As the name suggests, every transaction is recorded in journal at…