What is Inflation Accounting? Inflation accounting is a special branch of accounting which is used during inflationary periods for showing …
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Importance of Management accounting can be well-understood as given below:- Importance of Management Accounting Helps in Making Plans Management accounting …
Various limitations of management account are as given in points:- Limitations of Management Accounting Dependent on cost and financial accounting Management …
Meaning of Accounting Information systems Accounting information systems are structure designed for gathering, storing, managing, and processing financial data. This …
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Meaning of Cash Flow Statement A balance sheet is a snapshot view of the status of a firm’s funds at …
Meaning of Partnership Firm According to Indian partnership act, 1932“Partnership is the relation between person who have agreed to share …
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Meaning of Accounting Principles According to American Institute of Certified Public Accountants “Principles of accounting are the general law or …
Meaning of Accounting Information Accounting information is the collective data of business transactions. It provides the data for analysis to …
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Meaning of Single Entry System Single Entry System may be defined as an incomplete account recording system. Under this system, …
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Concept of Accounting American Institute of Certified Public Accountants (AICPA) defines accounting as: Accounting is the art of recording, classifying, …