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A quick inventory turnover results in increased sales volume and hence increased store’s profitability. A quick inventory turnover means store has quick r...

Stock issuances Debit Cash or other item received (shares issued x price paid per share) or market value of item received Credit Common (or Preferred) Sto...

A typical business organisation may consist of the following main departments or functions: Production. Research and Development (often abbreviated to R&a...

How to Predict the Future and Transform Your Business Start with certainty (use hard trends to see what’s coming) Anticipate (base your strategies on what...

Usually the Indian visas have a validity of 365 days and allow two entries of 60 – 90 days depending on the visa you got. What does number of entries mean...

Assets should be tested for impairment regularly to prevent overstatement on the balance sheet. Impairment exists when an asset’s fair value is less than ...

Financial Accounting serves many objectives and involves recording, proper classification, and summarization of financial transaction and events that a bu...

The issue of shares at a discount means the issue of the shares at a price less than the face value of the share. For example, if a company issues share o...

Adjustment Required at the Time of Change in Profit-Sharing Ratio: (i) Adjustment of Goodwill. (ii) Adjustment of Gain (Profit)/Loss arising from the Reva...