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Financial Accounting Concepts
Jalani Distributors sold three light commercial vans
Jalani Distributors sold three light commercial vans to Jain Enterprises on January 1, 2017, on hire purchase system. The price of each van was Rs. 90,000 payme
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Financial Accounting Concepts
Written Down Value Method of Depreciation
Depreciation represents the systematic reduction in the value of an asset over its useful life due to wear and tear, usage, or obsolescence. It helps in present
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Financial Accounting Concepts
Common Mistakes Students Make While Calculating Depreciation
Depreciation is one of the foundational concepts in accounting that helps allocate the cost of a tangible asset over its useful life. Despite being a routine to
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Financial Accounting Concepts
Depreciation, Amortisation, and Depletion: What’s the Difference?
Every business owns assets — machines, vehicles, buildings, patents, and natural resources — that help it generate revenue. But these assets don’t last forever.
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What Is a Fractional CFO and Why Every Growing Business Needs One
In business world, financial expertise is no longer a luxury — it is a necessity. Yet, hiring a full-time Chief Financial Officer (CFO) is beyond the budget of
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Accounting Tools and Software
What is the Impact of Big Data on the Accounting Profession?
Big data has had far-reaching effects on the accounting industry, and these effects are probably not exclusive to accounting. As with so many other aspects of B
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Cost Accounting
Evaluation of Transfer Pricing Policies
Transfer pricing refers to the setting of prices for goods sold between different entities within the same company, often located in different countries. It is
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5 Key Aspects of Technical Analysis of Shares
Technical analysis is one of the most widely used approaches for evaluating and predicting stock price movements. Unlike fundamental analysis, which focuses on
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What is an Initial Public Offer (IPO)?
An Initial Public Offer is the process by which a private company sells its shares to the public for the first time and become a publicly traded company. The pr
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Financial Accounting Concepts
What is Bin Card in Cost Accounting?
In cost accounting, bin cards are physical or electronic records used to track inventory levels in a stockroom, warehouse, or another storage facility. The card