Accounting

Cheque vs demand draft

Every business involves exchange of money. This infact is the core of any business as businesses operate to earn money. As businesses grow in size, large value cash transactions become both cumbersome as well as restricted by...

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Turnover vs profit

Financial reporting is an important aspect of every business entity as it is essential to gauge the financial performance and position of the entity. One of the important financial statements is the profit and loss account. Each...

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