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Posted by Terms compared staff | Jul 8, 2019 | Accounting |
Definitions and meanings: Gross Profit Gross profit for a period refers to the excess revenue that is left with the business after recovering the total costs spent on the production or purchase of the goods sold during the...
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Definitions and explanations Periodic inventory system: A periodic inventory system is a system of inventory accounting in which real time updation of inventory balances are not made. In fact physical counting of inventory...
Read MorePosted by Terms compared staff | Jul 8, 2019 | Accounting |
Definitions and explanations Economist: An economist is a professional who collates data from the economy, studies and analyzes it by applying economic theories and prepares reports thereon. Economists can study macroeconomic...
Read MorePosted by Terms compared staff | Jul 8, 2019 | Accounting |
Contents: Definitions and explanations Difference between accounting and auditing Accounting versus auditing – tabular comparison Definitions and explanations Accounting: Accounting is a profession that involves measuring...
Read MorePosted by Terms compared staff | Jul 7, 2019 | Finance |
A company that is going to invest money into a new project would certainly want to know the viability or profitability of that project. To appraise the potential performance of an investment project, companies mostly use four...
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