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Accounting and Inventory

Direct Write-Off Method: Overview, Reporting Methods, Significance

The direct write-off method involves writing off a bad debt expense directly against the corresponding receivable account. Bad debt is an accounting term which...

Explore Meaning of Expense Report With Types and Importance

An expense report is a document that lists the costs related to running a business. To get paid for work-related expenses like petrol or...

Major Principles of Accounting Assumption with its Benefits

Businesses follow some theoretical accounting assumptions when preparing a company's financial statements. According to the FASB (Financial Accounting Standards Board), accounting assumptions are rules...

Guide On What are Intangible Assets, Its Definition and Types

According to fundamental accounting principles, assets are anything you own that has value. The difference between intangible assets and tangible assets is that you...

Amazing Guide to Branches of Accounting: Functions and Usage

The development of technology, economics, and industry has led to the emergence of different branches of accounting. An organisation divides its accounting operations into...

Unlocking the Potential of Your Business: Guide to SWOT Analysis

SWOT analysis is a term you might have heard at work if you work in a corporate environment. You can examine a company's strengths...

Four Objectives of Accounting with Significant Examples

In simple words, accounting can be defined as the systematic process of recording and archiving all the information related to finance in an organisation....

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