Past adjustments in partnership firm means adjusting partners' capital or current account balances due to rectification of past errors and omissions that was not in accordance with the partnership deed....
Goodwill is the reputation being enjoyed by an organization. This is reflected normally in their higher profit earning capacity over competing firms in the same industry. Otherwise, the firm is utilising...
Stock valuation is a cumbersome process. A business can adopt numerous methods of valuation of stock viz , FIFO, LIFO, AVERAGE, WEIGHTED AVERAGE, etc Irrespective of the usage of various method of...
Every business is required to record the economic transactions that are financial. There.is remarkable variation between trade and financial transactions. Business transaction can be of non-financial too....
What is national income? What do you mean by GDP? What do you mean by aggregate demand? What is fiscal deficit? What is demonetization? And how it affect our GDP AND MANY MORE IMPORTANT QUESTION...