Accounting Definitions

Accounting definitions are defined by different authors in different ways. Accounting definitions are easy to understand and in easy language. Accounting definitions provides proper guideline & process in the preparation of different accounts of any thing.

Conservatism Principle

Conservatism principle is an accounting principle that helps accountants in verifying the coming expenses, losses, profits and revenues. According to this principle accountants must use an approach where they must recognize their expenses and liabilities as soon as possible but record revenues and profits

Financial Analysis

Financial Analysis is a process of analyzing, comparing and comprehending the financial information of the business to take important financial decisions. There are a number of situations in which we implement financial analysis process within a business. One of the key situations is that
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