Accounting

Imagine an asset without any physical substance, but will generate returns for your company in the near future. Think of an asset that is...
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Return on Investment (ROI) is one of the most common ratios to help determine the efficiency of an investment. ROI ratio is calculated by...
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A workplace primarily has two types of employees- exempt employees and nonexempt employees. But what does it mean? What are they exempt from? It...
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You need to understand the difference between revenue and profit when it comes to your business’ finances. And when you are trying to create...
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Straight Line Depreciation In simple terms, Depreciation is the reduction in the selling value of a product over time. The value reduces over time...
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Even if we may not know it, we almost always use accounting in our daily life! Every time we create a budget or plan...
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All businesses look to make a profit, and individuals look to maximize their salary. However, expenses generate. The question therefore arises: how can one...
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Every day, a business carries out thousands of financial transactions that act either as revenue or as costs to the company. The various costs...
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Profit refers to the revenue you’re left with after deducting the total cost. The main purpose of doing business is to generate profit. Without...
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Gross income can be for both businesses and individuals. However, both of the terms have something to do with taxes. For individuals, when we...
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