Financial Accounting
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What are fundamental accounting principles?
Principle’ is an overused term in accounting. It can refer to a norm or assumption that underlies the accrual basis…
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Ethical Perspective in Accounting Profession
Accountants have a significant responsibility to the public. This responsibility exists because outside shareholders, creditors, employees, and others rely on…
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Who are various decision-makers who rely on financial statements?
Recall that the primary goal of financial accounting is to provide decision-makers with useful information. This section identifies the major…
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वित्तीय लेखों की कमियाँ
वित्तीय लेखों की कमियों का अध्ययन करने से पूर्व वित्तीय लेखों का अर्थ समझना आवश्यक है। साधारणतया वित्तीय लेखों का…
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What are the benefits of self-balancing systems
Some of the common benefits of self-balancing systems are as follows: Easy to locate errors: If there is any error…
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Choosing the Best Accounting Books
Some of the best accounting books that you can buy books that will provide an overview and explain the basic…
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What is the role of auditors in LLCs
In a limited liability company, there is a separation between ownership and control. In other words, the people who own…
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Cost-Volume-Profit Analysis: Advantages and Disadvantages
The cost volume profit analysis examines the effect of various factors on the profits made by an organisation. There are…
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Meaning of Purchase Consideration
Limited liability companies often purchase other businesses for a number of reasons. For example, Facebook purchased Instagram so that it…
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Partnership Accounting: Preparing Appropriation Account
The appropriation account is another account that is prepared by a partnership. It is a continuation of the income statement…
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