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60+ Basic Accounting Terms Dictionary

What are the Basic Accounting Terms and its meaning: Basic Accounting Terms are very important for Accounting's beginner to understand it. before starts learning to account...

Double Entry system vs Single Entry system

Double Entry vs Single Entry Double Entry system: Double entry system can be define as the system under which the double effect of every transaction is...

Basic Functions of Accounting

Basic Functions of Accounting:Functions of Accounting involves the creation of financial records of business transactions, flows of finance, the process of creating wealth in...

What is Economics

What is Economics: Definition of Economics: Economics is the social science that studies how rational individuals, groups, and organizations, manage scarce resources, which have alternative uses,...

10 Most Important Economics Concepts

10 Most Important Economics Concepts 1. Choice: In simple term this is the most important economic concepts & fundamental for understanding economics. If we take the...

What are the Main Branches of Accounting?

Branches of accounting mean that the types associate with accounting, we say that fields of accounting are the branches of accounting. Some of the main branches of accounting are explained...

Difference between Bookkeeping and Accounting

Difference between Bookkeeping and Accounting                   Most of the people are confused that bookkeeping and Accounting are the alternative terms. These are related terms but...