Not being able to honor the financial obligation or pay off liability/debt is referred to as bankruptcy. It can be legally filed by a person…
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Definition: Variable pay is any amount of money or sales compensation that is paid to employees on a variable basis and is not consistent but…
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The theory of accounting revolves around strategies, assumptions, procedures, and frameworks associated with the study of financial reporting and implementations of financial reporting principles in…
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The Double-Entry system is an accounting technique in which the transactions are recorded in two accounts. This post will take you deep into the world…
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The history of accounting goes back to the time when, for the first time, human civilization started using the trade-system of crops and products inevitable…
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Top-line is the revenue or gross sales of the company. That is why when the company refers to growth as top-line growth; the company is…
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Market average is used to refer to the measurement of the general or the overall price level in a stock market and is expressed by…
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In a single entry system of accounting, there occurs one entry for one transaction, either it is an income or expense account. A cash book…
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Value added tax is assessed incrementally, and it is calculated on the amount by which the value of any product or service increases at each…
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Definition Green Bond is a bond issued by the Government, which is also tax-free and serves the purpose of financing projects aimed at mitigating climate…
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Impact investing is made to generate some measurable, positive, and productive environmental and social impacts together with financial returns. The primary objective of impact investing…
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Principles of accounting revolve around rules and guidelines suggested by FASB (Financial Accounting Standards Board) that companies need to follow during account management associated with…
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Accountancy has undoubtedly developed as a structured branch of study. It has gained immense acceptance and acknowledgment as a piece of applied knowledge. It assists…
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If your accounting has become an aimless mess, then Golden Rules of Accounting can resolve all the issues in your system of debit and credit….
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Marginal cost is referred to as incremental cost and is defined as the increase or decrease in the cost of production of more units or…
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