It is said that 90 percent of startups or small businesses may fail within five years. This is virtually true...
The principles of a good tax system were first explained in a book published by Adam Smith in 1776. These...
Earlier, we have discussed sole proprietorship as a class of business. Another class of business is a partnership. Here, many...
Information systems are created to help provide reports of stewardship of a business entity by management and directors. However, to...
An uncommon or mostly theoretical type of share capital is preference shares. It is called so, because, in real life...
Over time, venture capital has been seen as a financial institution. That means, this entity source for funds from people...
Assets are the properties or wealth of a business. A business maintains a set of assets that are usually classified...
Large businesses, especially manufacturing firms, give discounts to wholesalers and retailers. Also, retail businesses do give discounts and coupons to...
Cost is an expense incurred for a particular item or event. Various cost classification had been explained in this blog....
Loss or gain means one thing or the other to every professional. In business, those who lack detailed accounting knowledge...