Commerce

Functions of Management Accounting Management accounting prepares accounting information to assist the organization’s management in planning and policy development, operational instructions, decision-making,…

Characteristics of Entrepreneurship What is Entrepreneurship? Entrepreneurship refers to the ability to develop, organize, and run a new business with the capacity…

GAAP Accounting A common set of accounting principles, procedures, and standards issued by the Financial Accounting Standards Board (FASB) to deal with…

Objectives of Financial Management Financial Management refers to the process of efficient acquisition, utilization, and distribution of finance and then disposal of…

WHAT IS COMMERCE Simply put, commerce is the establishment of a large-scale exchange of goods and services into money or monetary value…

Golden Rules of Accounting Meaning Every company must present its financial information to all its stakeholders. Also, the information must be accurate.…

Objectives of Management Accounting Meaning of Management Accounting The goal of management accounting is to use statistical data to make better and…

Accounting Books Formats of Books of Accounts There are three types of formats that can be used by companies to record financial…

Consumer Equilibrium Equilibrium Definition When an object is said to be in a state of equilibrium, it means that all of the…

Partnership Deed What is a partnership? Sole proprietorships have disadvantages such as restricted capital and less access to resources. To deal with…