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Internal Trade: Meaning, Types, Role & Importance in Commerce
Internal or domestic trade forms the backbone of any country's economic system. The buying and selling of goods and services…
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What is Average Revenue Formula & How it is Calculated?
The average revenue formula is an important concept in economics, especially to understand the revenue structure of a firm. Average…
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Industrial Relations: Meaning, Key Elements, Significance and Scope
Industrial relations are the dynamic interactions between employers, employees, and institutions that regulate their relationships in the workplace. Industrial relations…
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Capital Adjustment on Admission of a Partner: Check Details
The capital adjustments in the admission of a partner relate to the accounting process when the new partner joins a…
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Accounting Period Concept: Meaning, Features, Types and Importance
Every business needs to check how much it earns or spends. It must report its results after a fixed time.…