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Guarantee of Profit to a Partner: Features & Accounting Treatment
A guarantee of profit to a partner in any partnership business is an arrangement under which one or more partners…
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Difference Between Bill of Exchange and Bill of Lading: Complete Guide
The difference between bill of exchange and bill of lading lies in their purpose, use, and parties involved. A bill…
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What is the Difference Between Inflation and Recession?
Inflation and recession are two basic economic terms that define the overall health of an economy. Although both terms have…
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Difference Between Gross Margin and Net Margin: How to Calculate?
Gross margin and net margin are two types of profitability ratios relating to a company's financial health and serve as…
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Determination of the Exchange Rate: Meaning & Importance
Determination of the exchange rate is a key concept in international economics and finance. The exchange rate is referred to…