Accounting Transactions refer to any activity that can have a direct impact on the financial statements of an organization. It is the first step… Read Article
What is Principle 1: People face Trade-offs?Eminent macroeconomist N. Gregory Mankiw gave us ten principles of economics in his book “Principles of Economics.” The… Read Article
In economics, the circular flow model shows how money, as well as goods and services, flow between different sectors in an economy. This flow… Read Article
The Four Sector Circular Flow Income Model is the most realistic one under the current world conditions. In our earlier discussions, we have seen… Read Article
The forex market is a global platform. Here the exchange of currencies of various countries takes place amongst the various Forex Market Participants. In… Read Article
How to Read Currency Pair in Forex Market?Unlike the stock market, where investors get a single rate, the prices in the foreign exchange market… Read Article
Long Term Liabilities: MeaningLong-term liabilities are the financial obligations of a company that does not become due in the current financial year. Moreover, these… Read Article
What are Provisions in Accounting?Provisions in accounting are a way to meet an uncertain expense or an upcoming liability. For example, bad debt occurs… Read Article