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Understanding Financial Statements: A Guide for Non-Financial Managers
Posted inEntrepreneurship Skills Financial Accounting

Understanding Financial Statements: A Guide for Non-Financial Managers

Posted by admin November 6, 2024
For managers without a financial background, financial statements can seem overwhelming. However, understanding these documents…
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Accounting for Consignment
Posted inFinancial Accounting

Accounting for Consignment

Posted by admin August 19, 2021
Due to increasing size of market, it is quite obvious that manufacturers or whole sellers…
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Analysis of Changes in Income
Posted inFinancial Accounting

Analysis of Changes in Income

Posted by admin August 19, 2021
The purpose of preparing a financial statement is not only to know the net income…
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Financial Accounting – Inventory Valuation
Posted inFinancial Accounting

Financial Accounting – Inventory Valuation

Posted by admin August 19, 2021
The Institute of Chartered Accountant of India as per Accounting Standard-2 (Revised) defines inventory as the assets…
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Bills of Exchange and Promissory Notes
Posted inFinancial Accounting

Bills of Exchange and Promissory Notes

Posted by admin August 19, 2021
Essentials of Bills of Exchange Following are the essentials of a bill of exchange −…
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Measurement of Business Income
Posted inFinancial Accounting

Measurement of Business Income

Posted by admin August 19, 2021
One of the most significant accounting concepts is “Concept of Income”. Similarly, measurement of a…
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Provision and Reserves
Posted inFinancial Accounting

Provision and Reserves

Posted by admin August 19, 2021
Meaning of Provisions “Any amount written off or retained by the way of providing depreciation…
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Financial Accounting – Final Accounts
Posted inFinancial Accounting

Financial Accounting – Final Accounts

Posted by admin August 19, 2021
Final Accounts are the accounts, which are prepared at the end of a fiscal year.…
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Financial Accounting – Royalty Accounts
Posted inFinancial Accounting

Financial Accounting – Royalty Accounts

Posted by admin August 19, 2021
Royalty is payable by a user to the owner of the property or something on…
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Financial Accounting – Voyage Accounting
Posted inFinancial Accounting

Financial Accounting – Voyage Accounting

Posted by admin August 19, 2021
To know the financial results of a marine business, voyage accounting is prepared. Voyage account…
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