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What is Dual Aspect Concept? Dual Aspect Concept – This accounting concept states that there are two aspects of each and every transaction that is debit and credit of equal amount. The economic resources of an entity or...
No one can say when one will get ill. Sometimes the sickness is so acute that you don’t have sufficient money at that time for the treatment. Even your family feels handicapped as they do not have money to cover that huge type...
Control impulse spending with 7 days rule. The 7 day rule is a simple method to control impulse buying. Whenever you are aroused to buy something online or offline, stop.Note the name of the object, date and the price in a diary...
What is Working Capital Turnover Ratio? Working Capital Turnover ratio is computed by dividing sales by the net working capital. Net working capital is the excess of current assets over current liabilities. The main purpose of...
Read MoreDo you guess who is the person who can make simple and easy things complex? Well, let me tell you these are the investment gurus. There are lots of financial media channels that which not only broadcast financial news, but also...
Read MoreJust think, you went on vacation with your family on your car and your car met with an accident or suppose your car’s headlight or rear view mirror went off. What would be your next thought? Well, if you are having car...
Read MoreWhat is Trial Balance? It is a statement to test arithmetical accuracy of the books of accounts. Moreover, it also tests the ledger equilibrium. Companies prepares trial balance every month. The double entry book keeping system...
Read MoreWhat is Treasury Stock? Treasury Stock is company’s own stock that has been issue and subsequently reacquired by purchase. There are number of reasons for which firm require its own shares – To obtain shares that can be used in...
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