Vouchers

What are vouchers and its types?

Vouchers are negotiable instruments that represent a certain monetary value or entitlement to specific goods or services. They are often issued by retailers, businesses, or …

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Expenditure vs. Expense

Expenditure vs. Expense: A Closer Look at Financial Transactions

Expenditure vs. Expense – They are both financial terms related to spending money, but they have different meanings and implications. Expenditure Expenditure refers to the …

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Capital

Capital 101: Understanding the Building Blocks of Wealth

Capital represents the financial resources available to a business or individual for investment purposes. It can include both tangible assets (such as machinery or property) …

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balance sheet

What do you mean by balance sheet? Components and Importance

The balance sheet, also known as the statement of financial position, is a fundamental financial statement that provides a detailed snapshot of a company’s financial …

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