Tag: Basic Accounting
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Accounting Concepts
Introduction of Accounting Concepts Accounting Concepts are the spine of any profitable business. It includes a set of integral standards that furnish the foundation for economic grasp and decision-making. These standards assist persons and agencies in making a feel of their economic transactions, putting together correct monetary statements, and navigating the complicated world of finance.…
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Accrual vs Cash Basis of Accounting
Introduction to Accrual vs Cash Basis of Accounting In the world of financial management, two fundamental methods stand out: the accrual basis of accounting and the cash basis of accounting. These two approaches play a pivotal role in how businesses recognize and record financial transactions. Accurate accounting is the cornerstone of informed decision-making, and choosing…
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Accounting Ratios
What is an Accounting Ratios? As stated before, Accounting Ratios are a pivotal tool of financial statements analysis. Accounting ratios are the fine numbers calculated as a reference to the relationship of two or further figures and may be expressed as a bit, proportion, chance, and several times. When the number is calculated by about…
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Bank Correspondence
Meaning of Bank The bank is a Financial Institution. The bank is one of the important aids to trade. The bank plays an important role in the economic development of the country by providing financial services. The primary functions of commercial banks include – Accepting deposits and lending funds. Bank Correspondence is essential for every…
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