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Understanding Basics

Unlocking the Fundamentals of Knowledge

Understanding Basics

Unlocking the Fundamentals of Knowledge

  • Accounting
  • Finance
  • Economics
  • Management
  • Audit
  • Statistics
  • Computers
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Subjects

  • Accounting
  • Finance
  • Economics
  • Management
  • Audit
  • Statistics
  • Computers
2. Accounting Introduction

6. Equity

Equity is defined as “the residual interest in an entity’s assets that remains after liabilities...

2. Accounting Introduction

16. Expense Accounts

An expense account is an account that is used to track the expenses of a...

2. Accounting Introduction

17. Financial Vs Managerial Accounting

Financial accounting is the process of recording, classifying, and summarizing financial transactions to provide information...

3. Accounting Principles

4. Going Concern Concept

An accounting theory known as the “going concern concept” believes that a company will continue...

4. Business Combinations

6. Net Identifiable Assets

Net identifiable assets in economics refer to the value of a company’s physical assets, such...

5. Accounting Cycle

6. Unadjusted Trial Balance

An unadjusted trial balance is a financial statement that lists the balances of all the...

Understanding Basics

Unlocking the Fundamentals of Knowledge

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