Category: Accounting Explanation
Objectives of Accounting and Accounting Concepts, Conventions, and Principles
Accounting is the backbone of any business, big or small. It’s not just about numbers—it’s about understanding what those numbers mean and how they impact a company’s future.…
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What are Sweat Equity Shares ? Advantages and Disadvantages of Sweat Equity
The meaning of Sweat equity shares is the equity shares provided by a corporation at a discount or for payment other than cash to its employees or directors…
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Loan Administration Meaning and Components of Loan Administration
Meaning Loan administration refers to the management and oversight of loan activities by a financial institution, such as a bank or credit union. It involves the development and…
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Absorption Costing VS Variable Costing
Absorption costing and variable costing are two approaches used in managerial accounting to determine the cost of producing a product. Absorption costing includes all costs, both fixed and…
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Bank Reconciliation Statement: Features, How to Prepare Bank Reconciliation Statement?
A bank reconciliation statement is a document that compares a company’s cash balance on its balance sheet to the amount on its bank statement. Basically, it includes all…
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Petty Cash Book: Types, How to maintain Petty Cash Book
A petty cash book is a record of small expenses that a company incurs on a regular basis, such as office supplies or transportation costs. It is usually…
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