Meaning of Accounting in Simple Words

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Golden Rule of Accounting

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in Accountancy, Accounting software, Accounting, Accountancy, Accountability, CURRENCY, Finance, Meaning of Accounting

Introduction of the Golden Rule of Accounting The “Golden Rule of Accounting” is a fundamental principle in accounting that guides how transactions are recorded and classified in financial statements. It is also known as the “Rule of Three” and is based on the principles of double-entry bookkeeping. In the realm of financial management, the “Golden…
Accounting Ratios

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in Accounting, Accountancy, Accountability, Accountancy, Accounting software, Bookkeeping, Business, CURRENCY, Finance, Meaning of Accounting

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…