Trading has been a crucial and very popular method when it comes to financing for centuries. Trading has its benefits and some cons as well. However, in today’s time, trading has gained so much popularity that it is not just limited to a small level, but also at a large scale level. Now trading can …
During the production of any product, it is important to know the manufacturing cost of each product. Costing helps the company in strategical and profitable decision-making. It is an important component in determining the total production costs of the product. Activity-Based Costing and Traditional Costing are one of the ways of costing in accounting. Activity-Based …
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Accounting is a way of collecting and recording all kinds of transactions in one place. And the phrase “profit” is a term mainly used in accounting. In business, if the amount spent to manufacture any product is less than the amount received from selling a product, it is called profit. Accounting vs Economic Profit The …
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Accounting and Finance are terms that are often used interchangeably but both terms confused people while both are related to the administration of an institution and an organization’s money and assets. It is important to know about both terms to evaluate the financial health of a company and organizations to take financial decisions. Accounting vs …
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Consumers these days rarely make payments with the traditional means of payments. These include paying through cash or signing a cheque to pay the seller of a commodity or service. Instead of these, digital and electronic transactions are the trend of the day. Two forms of digital transactions are Electronic Fund Cigarette (EFT) and Automated …