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Profit and Loss Account Format: A Comprehensive Guide
The profit and loss account is the most sensitive financial statement that provides a background for understanding one's performance over…
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E-Banking in India: The Modern Shift in Financial Services
E-banking, by its very name, has become the bedrock of modern financial services in this digital age by revolutionizing the…
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Factor Cost and Market Price: Understanding GDP Calculations
Concepts of "factor cost and market price" aid in the interpretation of how GDP is computed and taken into the…
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How to Calculate Closing Stock: Benefits, Strategies & More
Calculate closing stock is an important aspect of accounting for any business because it affects the cost of goods sold…
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Essential Elements of a Valid Contract: Key Legal Requirements
A contract needs essential elements. There would be two or more legally binding and enforceable parties. Contracts are critical to…