Study Material

Budget set and budget line are concepts that form the core of microeconomic theory, particularly consumer choice analysis. The two…

The budget deficit is termed that situation when a government's expenditure surpasses its revenues over a particular time, say a…

Borrowed funds, also referred to as debt capital, include the monies an enterprise borrows from outside sources and agrees to…

Capital goods refer to physical, artificial resources not consumed directly but used to manufacture, transport, or deliver other goods and…

Before we get into technicalities, let's know the definition of a business entity. This accounting principle states that a business…