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Accounts

Posted inAccounts

How Interest Works on a Savings Account

How Interest Works on a Savings Account 1. Introduction to Savings Accounts A savings account is a deposit account held at a financial institution that provides a modest interest rate.…
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July 9, 2024No Comments
Posted inAccounts

Financial Statements of a Company

Financial Statements of a Company 1. Introduction to Financial Statements Financial statements are formal records of the financial activities and position of a business, person, or other entity. They provide…
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July 9, 2024No Comments
Posted inAccounts

Issue and Redemption of Debentures

Issue and Redemption of Debentures 1. Introduction to Debentures Debentures are long-term debt instruments issued by a company to borrow money from the public. They are a type of loan…
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July 8, 2024No Comments
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Accounting for Share Capital

Accounting for Share Capital 1. Introduction to Share Capital Share capital is the amount of money raised by a company through the issue of shares to shareholders. It represents the…
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July 8, 2024No Comments
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Dissolution of Partnership Firm

Dissolution of Partnership Firm 1. Introduction Dissolution of a partnership firm signifies the end of the partnership agreement, resulting in the closure of the firm. It involves settling the firm's…
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July 8, 2024No Comments
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Reconstitution of a Partnership Firm — Retirement/Death of a Partner

Reconstitution of a Partnership Firm — Retirement/Death of a Partner 1. Introduction Reconstitution of a partnership firm also occurs when an existing partner retires or dies. This leads to changes…
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July 8, 2024No Comments
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Reconstitution of a Partnership Firm — Admission of a Partner

Reconstitution of a Partnership Firm — Admission of a Partner 1. Introduction Reconstitution of a partnership firm occurs when there is a change in the existing agreement among the partners.…
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July 8, 2024No Comments
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Accounting for Partnership: Basic Concepts

Accounting for Partnership: Basic Concepts 1. Introduction to Partnership A partnership is a form of business organization where two or more individuals come together to share the profits and losses…
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July 8, 2024No Comments
Posted inAccounts

Accounting for Not-for-Profit Organizations

Accounting for Not-for-Profit Organizations 1. Introduction Not-for-profit organizations (NPOs) are entities that exist for purposes other than making a profit. Their primary aim is to provide services or support for…
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July 8, 2024No Comments
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Applications of Computers in Accounting

1. Introduction The use of computers in accounting has revolutionized the way financial information is recorded, processed, and reported. Computerized accounting systems provide accuracy, efficiency, and the ability to handle…
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July 7, 2024No Comments

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