Assessable profit and taxable profit are two terms that are used in the financial sector. Assessable profit is a calculation done for finding an individual’s taxable income from the person’s gains and losses record. Taxable profit is the amount that is paid to the government, by an individual or an institution for the profit that …
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During the industrial ere, businesses began to expand and the need for a system for tracking expenses and pricing was realized. Since then both costing and cost accounting have become an essential business practice. Readers who read this also read: Difference Between Job Costing and Batch Costing (With Table) Difference Between Job Costing and Contract …
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A person needs the necessary goods and services to maintain the average lifestyle. The economics analyzes the expenses of living and the quality of living in a particular region. The cost and quality both are associated with people’s living style and the area where they live. Readers who read this also read: Difference Between Marginal …
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Crowdfunding and traditional fundraising are two methods to collect funds for a particular project/cause. Crowdfunding is collecting fund from groups of investors for the benefit of a project which is done by an individual. Traditional fundraising is the process of collecting funds for charity work or a community cause. You may also like: Difference Between …
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The current ratio and quick ratio are used in Commerce and Accounting. Both are the terms used to calculate current assets as a ratio to different terms. The current ratio is the ratio between current assets and current liabilities. The quick ratio is the ratio between the most liquid current assets and the current liabilities. …
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Financial analysis and reporting is the essence of a modern business. They are decision-making tools that help the business see a snapshot of the company’s financial position. <span class=\" References https://www.tandfonline.com/doi/abs/10.1080/00014788.1996.9729528 https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1628&context=soa_research
Investment is important when it comes to accomplishing one’s financial goals. In today’s world, earning money and keeping it idle in your bank account is equivalent to a lost opportunity. What matters is working hard for the money you earn and invest to get good returns out of it. You may also like: Difference Between …
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Every business transaction is under the scrutiny of an auditor. An auditor of every organization, institution, or government organization is supposed to concentrate on financial accounts and cost structure items. Cost audit and financial audit both are accounting systems. Readers who read this also read: Difference Between Audit Plan and Audit Program (With Table) Difference …
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Safeguarding a customer in terms of money transactions, money lending process, and improving the cash flow is usually a difficult task in a developing or a developed nation. This crucial role of helping the customers with a proper set of guidelines and the rules becomes a difficult task for an institution or an organization. Readers …
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Accidents are unpredictable but taking precautions to face it will be a wise decision for resuming life afterward. Readers who read this also read: Difference Between Fire Insurance and Home Insurance (With Table) Difference Between Fire Insurance and Marine Insurance (With Table) Difference Between Erie Insurance and Geico (With Table) Insurance policies can help people …
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