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Capitalisation Method: Definition, Importance, and Practical Uses
Capitalisation is one of the most widely used techniques for valuing businesses and income-generating assets. It helps estimate the present…
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Business Environment: Meaning, Importance, Dimensions and More
The business environment refers to all of the external forces that affect a business. It encompasses everything about a company that…
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Bank Overdraft: Meaning, Types & More
A bank overdraft is a transaction in which the owner of an account withdraws more than is available in the…
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Auxiliaries to Trade: Meaning, Types, Components and Importance
Auxiliary to trade covers a comprehensive range of services and activities that aid and facilitate the smooth conduct of trade…
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Balance Sheet vs Profit Loss Account: What Comes First?
When calculating the financial health of a firm, there are two applicable financial statements: the balance sheet and the profit…