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Financial Accounting Concepts
Difference between COGS and Cost of sales
The terms COGS and cost of sales are often used interchangeably. However, they represent two different concepts that can have a significant impact on a company&
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Financial Management
What is a Funds Flow Statement?
A funds flow statement is a financial statement that shows how funds have moved in and out of business during a specific period of time. It is a tool used by bu
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Cost Accounting
What Are the Assumptions and Limitations of CVP Analysis?
Cost-Volume-Profit (CVP) analysis is a method for assessing the links between selling prices, total sales revenue, and the volume of production, expenses, and p
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Why Select the Turo and its investments platform?
Turo is providing an interactive platform for the investors, and the investors are getting the interactive platform. You can get all the benefits and the profit
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Financial Management
What is an Ideal Current Ratio?
The current ratio is a financial metric that measures a company’s ability to pay its short-term liabilities with its short-term assets. It is calculated b
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Financial Accounting Concepts
What is Net Realisable Value (NRV)?
Net Realisable Value is the value of a product after subtracting the expected costs of production, transaction costs and taxes related to the sale of the item.&
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Financial Accounting Concepts
What is Discounted Payback Period Method?
The discounted payback period method is a tool for investment appraisal that is used to determine how long it will take to recoup the project’s initial in
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Financial Management
What is Money Measurement Concept in Accounting?
The money measurement concept states that a corporation should only report those accounting transactions that can be represented in terms of money. It means tha
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Financial Accounting Concepts
What Are the Limitations of Financial Accounting?
Many of us still belief that the financial accounting system is perfect, and it would be a miracle to find something wrong with the financial accounting system.
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Financial Accounting Concepts
Different systems of maintaining the accounts of a dependent branch
Question 1. Explain the different systems of maintaining the accounts of a dependent branch. How is profit ascertained under each system? Discuss. A dependent b