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Posted by Terms compared staff | Aug 21, 2019 | Accounting |
Financial statements are like a report card of a company. They reflect the financial condition i.e., position of assets and liabilities of a company as on a specific date. With globalization at its peak, there are several...
Read MorePosted by Terms compared staff | Aug 21, 2019 | Management |
Production and operations management mainly focus on the effective management and use of organizational resources that are needed for producing goods and services. In this regard, production management pertains to the management...
Read MorePosted by Terms compared staff | Aug 21, 2019 | Accounting |
The financial transactions among for-profit business organizations mostly take place on credit. When a business sells or buys goods on credit, the concept of debtors and creditors arises. When goods are sold on cash basis there...
Read MorePosted by Terms compared staff | Aug 20, 2019 | Finance |
A company may opt for funding its business through capital contribution. The contributors of capital are called shareholders and receive a share of profit distributed by the company in the form of dividends. This mode of funding...
Read MorePosted by Terms compared staff | Aug 18, 2019 | Accounting |
Companies use different types of books to record different types of business transactions in which they engage during the course of various business activities. These books are commonly named as books of prime or original entry...
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