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Difference Between Revenue and Income: Meaning, Types & More
Revenue and income are a key difference in accounting and finance at the basic level for conducting business analysis. These…
Posted inStudy Material
Computerised Accounting System: How is it Different From Manual?
In the current business world, a computerised accounting system is fundamental, where digital tools manage financial transactions and smooth out…
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Going Concern Concept: Definition and Importance in Accounting
The going concern concept is a fundamental principle in accounting that assumes a business will continue to operate for the…
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Channels of Distribution: Types, Functions & Marketing Strategies
In any business, it's not enough to simply manufacture a product; getting it into customers' hands is equally important. Channels…
Posted inStudy Material
What are Comparative Statements? Meaning, Features, Types & More
Comparative statements examine financial performance through a presentation of a company's financial information across time periods. These statements allow the…