Study Material

Decentralization is the distribution of authority in an organization over several different levels within the organization. Instead of having top…

The Law of Variable Proportion is that aspect of economics that explains how output varies if the quantity of one…

Karl Pearson coefficient of correlation is a statistical measure that measures the type and strength of a linear relationship between…

Realisation account is an important part of partnership accounting especially in the dissolution of a firm. The account contains all…

The profit and loss account is the most sensitive financial statement that provides a background for understanding one's performance over…