Category

Process Oriented
The Complete Accounting Cycle Accounting is the backbone of every business. In today’s world, out of all the disciplines available, Accounting is one which every person should keep some knowledge of. It is most pervasive among all the other disciplines. Did you know that each and every accounting transaction passes through a predetermined cycle in your company’s...
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Revenue Expenditure v/s Capital Expenditure   Operating a business includes a variety of business expenses. It won’t be wrong if I say a business cannot do without incurring expenses. Generally a business concern incurs expenses in order to generate revenues by undertaking varied operations and activities. Usually, expenditure is incurred to increase the efficiency of...
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Inventory Valuation Inventory is an essential component of every business organisation and one of the key areas to be managed by an organisation is Inventory valuation. The inventory valuation includes all the costs incurred to get the inventory items in place and ready for sale. The inventory valuation excludes the costs of selling and administration....
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