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Contingent Liabilities: Meaning, Examples and Reporting Rules
A contingent liability is a potential obligation that might arise in the future, dependent on the outcome of a specific,…
Posted inStudy Material
Financial Statements: Types, Importance, Components, and Analysis
Financial statements are written records that illustrate a company's business activities and financial performance. They are usually audited to ensure…
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What is Current Ratio? Meaning, Formula and its Importance
Current Ratio is a measure of a company's short-term financial health. It indicates how effectively a company can use its current…
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Difference Between Sales and Marketing: Meaning and Activities
Sales and marketing are interconnected but distinct functions. Marketing focuses on creating awareness, generating leads, and promoting products/services, while sales…
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Cooperative Society: Meaning, Types, Features, and Benefits
To promote mutual advantages for its members, a cooperative society implies allocating funds. By the members and/or providing services, sharing…