Payment of Premium

If you have an insurance policy, you might wonder how companies calculate your insurance premiums. …

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Maintenance of Suspense Account

A suspense account is an account used temporarily or permanently to carry doubtful entries and …

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Different Methods of Calculation of Cash Price

In some cases, die cash price is not given. Since the assets purchased cannot be …

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Different Methods of Calculation of Interest

Calculating interest rate is not at all a difficult method to understand. Knowing to calculate …

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Hire Purchase System

Hire purchase is a method of financing of the fixed asset to be purchased on …

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Retirement and Death of partners

A partner may ascertain to either withdraw or retire from the enterprise due to certain …

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Admission of partners

A business firm seeks new partners with business expansion being one of the driving motives. …

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Partnership Accounts

Partnership Firm KYC Norms The Reserve Bank of India sets Know Your Customer (KYC) norms …

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International Financial Reporting Standards (IFRS)

International Financial Reporting Standards, commonly called IFRS, are accounting standards issued by the IFRS Foundation …

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Capital and Revenue Items

Expenditure means spending on something. This can be a payment is cash or can also …

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