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Financial Accounting

Privately Held Company

Privately Held Company – Meaning As the name suggests, a privately held company is a company that is wholly owned by the company’s founders, management, or private investors. Equity …

S Corporation

S Corporation- Definition S Corporation is a closely held corporation by the Internal Revenue Code of the United States federal income tax, wherein the corporation is not taxed but …

Limited Liability Company

What is a Limited Liability Company? Limited Liability Company is the U.S. term wherein the members of the corporate structure are not personally liable for the debts and obligations. It may …

Consignment

Now a day in order to increase sales, manufacturers hire agents who can sell their goods as it might not be possible for them to look after the debtors …

GAAP

What is GAAP? Generally Accepted Accounting Principles (US) are the commonly followed and accepted set of rules, procedures, and guidelines adopted by SEC (Securities and Exchange Commission) for reporting …