There are four types of economy and the way limited resources get distributed within an economy determines the type of economic system. Each society decides which economies type its follows as each economy has strengths and weakness. What is Capitalism: Read More …
Corporate Social Responsibility is the notion that makes the companies care for their stakeholders and provide services for them. A company should always care about its stakeholders besides caring for the profit that the company is making. They as well Read More …
Accounting Cycle Accounting Cycle is another name for accounting process which initiates with the occurrence of an event and ends with the preparation of the financial results of a company. Since this process takes place every year, it is also Read More …
Accounting Equation In case of any business firm, the accounting equation forms the basis of its balance sheet. The equation states that: Assets = Liabilities + Equity If we consider a horizontal balance sheet, all assets will be recorded on Read More …
Independent vs. Mutually Exclusive Projects in Capital Budgeting Independent projects are projects which are unrelated to each other, and that allows for each project to be assessed based on its profitability. For example, if projects A and B are independent, Read More …