Generally Accepted Accounting Principles

  There are general rules and concepts that govern the field of accounting. These general rules—referred to as basic accounting principles and guidelines—form the groundwork on which more detailed, complicated, and legalistic accounting rules are based. For example, the... »read more

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Total assets minus total liabilites

  Simply we can say, EQUITY IS NOTHING BUT ITS ONLY A WAY OF COLLECTING CAPITAL through the investor in favor of a company. Equity is the capital amount which is raised or contributed by the members of the company. For example, if your home is worth $300,000 and you owe $100,000, you... »read more

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An economic concept established by economist Richard Thaler.

  A concept first named by Richard Thaler (1980), mental accounting attempts to describe the process whereby people code, categorize and evaluate economic outcomes.  Definition:   An economic concept, which contends that individuals divide their current and future assets... »read more

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How is historical accounting better than alternatives?

Historical Cost Accounting is a traditional valuation method as it reflects only on the past cost of the asset, however in the contemporary business environment companies must remain flexible and transparent. This belief has lead to the creation of several other valuation methods, due to... »read more

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Deductive reasoning, or deduction, starts with a general case and deduces specific instances.

Deductive reasoning is one of the two basic forms of valid reasoning. While inductive reasoning argues from the particular to the general, deductive reasoning argues from the general to a specific instance. The basic idea is that if something is true of a class of things in general, this... »read more

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Palli Krama Sahayak Foundation

In recent years, micro credit, in its wider dimension known as microfinance, has become a much favored intervention for poverty alleviation in the developing countries and least development countries. There is scarcely a poor country and development oriented donor agency (multilateral,... »read more

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Explain the basis accounting unventories and describe the inventory cost flow methods

LIFO, which stands for "last in, first out," and FIFO, which stands for "first in, first out," are terms commonly used in inventory control, in cost accounting and in computer science. They all stand for literally the same phrases, but it means something different in each... »read more

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these four jewelry are the items that need the WOW gamers

In a term, these four jewelry are the items that need the WOW gamers who want to offer them must achieve level 80. By the way, they are all deserving a sum of WOW gold.We encourage the most experienced Field combatants to get into the new Realm of World of warcraft International Field Competition... »read more

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Basic Principles of Taxation

  The term “taxation” comes from Latin word “Taxation”. It means too determine he payable quantum on estimate. Taxing authority determines tax to be payable by the assesse. So Tax is the revenue collected by the Government from persons and organizations under... »read more

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Some criticisms and critiques of micro finance ..

  Micro finance could be defined as banking for poor. It had been developed and popularized by Professor Muhammad Yunus. The word micro-finance itself covering a wide range of micro loans, which need to be defined in a proper manner in order to know what one, is speaking about. The... »read more

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