Capital

(3) Capital: The term capital is used to denote the owners equity in the business. It is a claim against the Assets of the business after that total liabilities are…

Limitation of Accounting

Accounting is helpful to business in accessing these worth, profit procedure loss, assets and liabilities it enables the business in deciding its future line of action. Accounting has the following…

Advantage of Accounting

(1) Replacing memory: Business transactions are complex as such it is quite impossible to memorized each and every transaction. Accounting records their transactions in written form an thus it not…

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