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Financial Statement

Everything about Income Statement

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Everything about Income Statement

What is Income Statement? A business organization carries out all its activities with the aim of making profits and maximizing profits. At a fixed time interval, usually at the end …

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Everything About Financial Statement

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Everything about Financial Statement

Financial statement occupies an important place in the data and knowledge base of accounting. It is the source of all kinds of accounting information in the organization.  The financial statement is …

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Liabilities and Their Classification

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Liabilities and Their Classification

Today we are going to learn What is the Liability? Classification of Liabilities.  What is the Liability? The sacrifice against the acquisition of property and services is usually a liability. …

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Assets and Their Classification

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Assets and Their Classification

What is Asset? An asset is something owned or operated by a business entity that will provide future benefits to the organization. The asset is the main driving force of …

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