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What is Cash? Meaning, Use, Types, Importance and its Impact
Cash means money in the form of coins and banknotes. You spend cash to get goods or services. Individuals and businesses likewise hold…
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Difference Between Hire Purchase and Credit Sale: Real Ownership
When it comes to buying assets on deferred payment terms, two common options stand out—hire purchase and credit sale. While…
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Difference Between Sale and Hire Purchase: Features and Examples
The difference between sale and hire purchase primarily pertains to the transfer of ownership and the payment method. In a sale,…
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Mastering Effective Purchase and Sales Entry for Business Growth
In simple words, a purchase and sales entry is the way a business records what it buys and sells. These…
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Loan Taken from Bank Journal Entry: Format, Example and Repayment
Every business, big or small, needs funds to operate and grow. They often take loans from banks to manage operations,…