Errors in accounting results from not following principles of accounting or negligence in the recording by the clerical staff involved in accounting. Read more here.
Increase Standard of Living-Entrepreneurship helps to improve the standard of living of a person by increasing the income. The standard of living means, increase in the consumption of various goods and services by a household for a particular period. ...
Common size statements are easy ways to express items of financial statements in the form of percentages. For more information, stay tuned to BYJU’S
Goodwill arises when a company acquires another entire business. The amount of goodwill is the cost to purchase the business minus the fair market value of the tangible assets, the intangible assets that can be identified, and the liabilities obtained in
cogs where cogs represents the cost of goods sold. operating profit a business’s operating profit tells what is the contribution of the company’s operations to its profitability. the operating profit is basically the ratio of operating income and sales revenue. the formula to calculate the ...
this account scans all the incoming and outgoing of goods and services between countries. all the payments made for raw materials and constructed goods are covered under this account. few other deliveries that are included in this category are from tourism, engineering, stocks, business services, ...
ropes to the production of household goods. it was used for fishing, weapons and in the construction industry. this versatile fibre is used in modern times for making household products such as carpets, sacks, rugs, chair coverlets, etc. the more diversified use of jute involves items such as...
Mathematical reasoning concepts are explained here. Know what mathematically accepted statements are with examples. Also, learn types of reasoning in maths, and how to deduce mathematical statements at BYJU'S.
s development. for example, to generate energy, fossil fuels are needed; and mineral resources are needed for industrial development. natural resources are needed for food production, fuel for transportation and energy, and raw materials for the production of goods. q2 how do humans depend on ...
In direct variation, increase or decrease in one quantity will cause an increase or decrease in another quantity. For instance, an increase in the number of goods will cost more price. Also, the amount of work done by a single man will be less than the amount of work done by a group ...