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Average Profit Method: Meaning, Formula, Application & Example
The average profit method of calculating goodwill is one of the most widely used methods, especially in partnership firms, small…
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Retiring or Outgoing Partner: Roles, Rights, & Settlement Process
A Retiring or Outgoing Partner is the one who withdraws or stops being associated with a business partnership. The withdrawal…
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Average Total Cost Formula: Long Run Formula & Factors
The average total cost formula is very vital for both businessmen and the student to understand the nature of cost…
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Balance of Payment (BoP): Meaning, Types & More
BoP represents an integrated accounting account of all financial transactions conducted by a country in the balance towards the rest…
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Applicability of IND AS: Indian Accounting Standards
IND AS Stands for Indian Accounting Standards - The First of Its Kind in Financial Reporting by India INDAS implies…