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Posted by Terms compared staff | Aug 6, 2019 | Management |
Leadership and management are two terms that are frequently used interchangeably in business, but the truth is that they are extremely different from one another. To state it simply, leadership is essentially about making people...
Read MorePosted by Terms compared staff | Aug 5, 2019 | Accounting |
One of the basic objectives of all for-profit business entities is to generate income or profit for their owners. The total income generated by a business can be segregated into two types – operating income and...
Read MorePosted by Terms compared staff | Aug 5, 2019 | Marketing |
Micro and macro essentially refer to the economic environments in which companies perform their marketing activities. Generally, marketing is a critical component of every business as effective marketing campaigns lead to a...
Read MorePosted by Terms compared staff | Aug 4, 2019 | Accounting |
The accounting cycle of an organisation encompasses all the steps that result in the presentation of financial statements of an organisation. This begins from charting of all accounts to journalizing to posting to drawing up of...
Read MorePosted by Terms compared staff | Aug 3, 2019 | Accounting |
The financial statements of a business are derived from base books of accounts namely the ledger and trial balance. While the ledger is a comprehensive account wise record of business transactions, it is followed by the trial...
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