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Income and expenses are the accounts contained in the Profit and Loss Statement. They are also known as nominal or
Inflation accounting significantly influences how a company portrays its financial health, particularly in economies experiencing significant inflationary pressures. This specialized
Tax avoidance and tax evasion are terms used in the context of managing taxes, but they differ significantly in terms
Introduction to non-profit accounting Non-profit accounting is a specialized field that deals with financial management and reporting of non-profit organizations.
The aim of every business is to generate sales since it is the main source of earnings. Consequently, the net
Equity financing and debt financing are two common methods used by companies to raise capital. If accounting isn't your forte,
Sales tax and income tax are distinctly separate methods of taxation, each possessing its own set of unique characteristics and
Do you know that all the companies should submit an annual return to the Registrar for every calendar year? If
What would you do if your business is running short of funds for its daily operations? At this stage, you
In accounting, the objectivity principle is a concept where the company should generate its financial statements according to solid evidence.
If you are new to the world of business, you might have felt confused between the Memorandum & Articles of
Business owners (Also see How to Rectify Common Accounting Errors that Owners Make) often neglect the role of the constitution