Definition The Statement of Changes in Equity reconcile the equity of the company during a accounting period. This is the …

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Definition of Fictitious Assets The word fictitious literally means fake, imaginary or not true. Hence, fictitious assets means the assets …

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Definition of Fixed Assets Register Fixed Assets Register contains the lists of the fixed assets (non-current assets) of the business …

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It was in 1494 that Luca Pacioli the Italian mathematician first published his comprehensive treatise on the principles of the …

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Compound interest is very commonly using interest rate in case of borrowing and lending. Borrower and Investor is concerned about …

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Financing to your business may not be easy at all times. But you have to know the possible financing sources …

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Accounting cycle is the process which is used to complete the accounting process of the company. The length of an …

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Summary of Contents Cash Book records the cash transactions All receipts and payments are recorded in the cash book to …

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Cost of Goods Sold (COGS) Cost of Goods Sold (COGS) is the cost which is directly attributable with the cost …

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What is Interest rate Swap? An Interest rate swap is a contract between two parties to exchange interest rate between …

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