Accounting

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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Percentages are essential in our day-to-day life. Percentages are fractions that are widely used in different financial aspects to demonstrate ratios and numbers. It...
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2 min read

“What is your annual income?” – this is a question we all have to face every now and then in our daily life. Be...
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2 min read

If you look around yourself in today’s world, you will find a majority of the shops, businesses, and industries consist of private companies. That...
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3 min read