Accounting and Inventory
Purpose of Accounting System | Definition, Features and Examples
An accounting system is used to manage the expenses, income and other financial activities of a business entity. It allows businesses to track all...
Accounting and Inventory
Reasons Why External Audit and its Scope is Important to Business
An external audit is a process of independently examining and assessing various financial statements, books of accounts, and reports of a company or a...
Accounting and Inventory
Inflation Accounting: Definition, Methods, Features, Pros & Cons
Inflation occurs whenever the supply of money exceeds the demand for goods and services. As a result, inflation reduces the purchasing power of money...
Accounting and Inventory
Know Everything About The Competition Commission of India (CCI)
The Competition Commission of India (CCI) was formed under the Competition Act 2002. The Act prohibits entering into anti-competitive agreements, prevents the abuse of...
Accounting and Inventory
Everything about Ratio Analysis | Meaning, Types and Uses
Ratio analysis meaning refers to the analysis of underlying accounting information embodied in the financial statement. A financial ratio is a difference in magnitude...
Accounting and Inventory
Incurred Cost: Concept, Use, Example, Types and Analysis
Incurred costs are those that a company has incurred during a particular period. These costs can include both direct and indirect costs. Direct costs...
Accounting and Inventory
The Interesting Ways How Technology is Transforming Accounting
Technology is transforming accounting in a number of ways. Perhaps the most obvious way is the increasing automation of tasks that were once done...
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