Study Material

The cost and price are two terms universally used in commerce and economics. Cost is the expense incurred to make…

Determination of income and employment is at the center of a macroeconomic concept that emphasizes how an economy can achieve…

Consumer equilibrium utility analysis is one of the cornerstones of microeconomic theory, explaining the amounts and directions in which individual…

Accounting for partnerships forms a critical aspect of managing a business where two or more individuals come together to achieve…

Extraordinary items is a very important term in accounting. It is the events or business transactions, that are unusual in…