Sejal Shah

What is Liability and Current Liabilities? Definition with Accounting Examples

Wikipedia of Finance - e-learning course on Accounting Wikipedia Chapter - Liability and Current Liabilities

Liability Definition: A legal agreement that arises in-front of an organization or a business or an individual to settle a debt is termed as liability. Or any sort of loans from persons or banks for enhancing a business or individual salary that is payable amid short or long duration is known as a liability. These […]

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What is Assets and Current Assets? Definition with Accounting Examples

Wikipedia of Finance - e-learning course on Accounting Wikipedia Chapter - Assets and Current Assets

Assets Definition: In accounting terms, any tangible (physical resources) or intangible (nonphysical resources) that can be possessed or controlled to create positive monetary value is known as Assets.  In other words, “anything that can be transformed into cash value is termed as assets”.  This includes: Real Estate Asset like Building, land and any other physical immovable

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What is Accounting? Definition with Examples

What is Accounting Definition - Accounting Examples - Wikipedia of Finance

Accounting is the language of business because it offers a methodical way to record, analyze, and communicate financial data. It is a crucial process that aids individuals, businesses, and organizations in meeting legal obligations, making wise decisions, and improving their comprehension of their financial performance. Accounting’s central functions are the measurement, processing, and exchange of

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