Offer and Acceptance, Communication of Offer
by Offer and acceptance are the essential elements of a contract. An offer is a proposal …
Tag: Sustainable Development
Performance of Contract, Discharge of Contract
Performance of a contract is the fulfillment of the terms and conditions agreed upon by …
Quasi Contract
A quasi contract is a legal concept in which a court may impose a contractual …
Valid, Void, Voidable, Essentials of a Valid Contract
A Valid contract is a legally binding agreement that is enforceable by law. To be …
Important Differences Between Bilateral Trade and Multilateral Trade
Bilateral Trade Bilateral trade refers to trade between two countries. It can take the form …
Important Differences Between Cost Accounting and Management Accounting
Cost Accounting Cost accounting is a branch of accounting that focuses on the cost of …
Important Differences Between Balance Sheet and Profit & Loss Account
Balance Sheet A balance sheet is a financial statement that provides a snapshot of a …
Important Differences Between Balance Sheet and Cash Flow Statement
Balance Sheet A balance sheet is a financial statement that provides a snapshot of a …
Important Differences Between Invoice and Receipt
Invoice An invoice is a document issued by a seller to a buyer, indicating the …
Important Differences Between Cost Audit and Management Audit
Cost Audit Cost audit is an independent examination of the cost accounts and records of …