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Posted by Terms compared staff | Jul 6, 2019 | Management |
Definitions and meanings: Merger: A merger (also referred to as business merger) is a combination or union of two or more companies to form and pursue operations as a single business entity. As a result of merger, a new company...
Read MorePosted by Terms compared staff | Jul 5, 2019 | Accounting |
Definitions and explanations: Real Accounts: Real accounts are the accounts used to book transactions regarding various balance sheet items such as assets, liabilities and owner’s equity. The balances of all the real...
Read MorePosted by Terms compared staff | Jul 5, 2019 | Accounting |
Definitions and explanations: Single Entry System: The single entry system follows to record transactions with a single entry to update the accounting records of a business. The basis of these transactions is mostly the inflow...
Read MorePosted by Terms compared staff | Jul 4, 2019 | Finance |
Definitions and meanings Overtrading: Overtrading is an accounting term used to describe a situation where a business entity engages in business activities more than it can actively support from its available funds. This...
Read MorePosted by Terms compared staff | Jul 4, 2019 | Accounting |
Definitions and meanings: Absorption Costing: Absorption costing is a management technique to incorporate cost of fixed and variable production overheads into the cost of a product. Marginal Costing: Marginal costing is a...
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