Finance
What is Financial Service Market? The Financial Services Market refers to the vast and diverse sector of the economy that provides various financial products and services to individuals, businesses, and…
The Ultimate Guide to BTC to PHP Cryptocurrency Exchange is a complete guide that covers everything you need to know about cryptocurrency exchange. From the basics of cryptocurrencies and how…
Functions of International Monetary Fund Specifically, the basic objectives of the IMF are fourfold: Achieving balanced growth of world tradeEnsuring stability of the exchange ratePreventing Competitive DevaluationResolving balance of payments…
Accounting for Foreign Branches Foreign branches of a company have its operations and transactions in foreign currency and thus, the books are maintained in the foreign currency. The trial balance,…
A complete set of accounting books are maintained by an independent branch. They get their goods from the HO as well as from the other parties. It has its own…
In branch accounting, each branch is treated as an individual unit which earns revenues (profits) and incurs costs. Each branch maintains its own books of accounts, which include a record…
What is Branch Accounting? Branch accounting is a bookkeeping system in which separate accounts are maintained for each section of the organisation. A branch refers to an establishment that carries…
What is Departmental Accounts? If a business consists of several independent activities, or is divided into several departments, for carrying on separate functions, its management is usually interested in finding…
What is Depreciation? Depreciation in accounting refers to the permanent loss and gradual shrinkage of the book value of noncurrent assets. Depreciation is charged on the cost of the noncurrent…
What is Accounting Errors? An accounting error is a non-fraudulent or non-intentional discrepancy in financial documentation. Accounting errors are of various types, mostly they are unintentional mistakes that happen due…
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