Study Material

The difference between Cost Accounting and Financial Accounting is in their ultimate purpose, audience, and reporting method. Cost accounting assists…

Fictitious assets are big expense or losses a company can’t take in full in the year they take place. Instead, that…

Elasticity of demand is one of the most essential concepts in microeconomics and managerial decision-making. It explains how consumers react…

Reserve and provision are the basic concepts of accounting, through which businesses can allocate financial resources prudently and by accounting…

Fixed capital and working capital are essential components of a business’s financial structure, each serving unique functions that support long-term…