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What is Convention of Conservatism? It is also known as ‘doctrine of prudence’. Convention of Conservatism states to anticipate all the future losses and ignore gains. The managers who are responsible for running the business...
Convention of Materiality Convention of materiality states that items of small significance need not to be given strict theoretically correct treatment. There are many events in business which are insignificant in nature....
Imagine standing on the edge of a vast financial landscape, filled with opportunities and obstacles alike. As you navigate through this terrain, uncertainties loom large, often obscured by the cloud of taxes looming over your...
In the world of investing, adopting a regular investment strategy can feel like planting seeds in fertile soil; with a little patience and consistent care, you might watch your financial garden flourish over time. Investing...
Read MoreIn a rapidly evolving financial landscape, it’s a startling reality that nearly 70% of individual investors struggle to align their investment strategies with current market trends. This statistic not only highlights the...
Read MoreIf you’re looking for a way to take control of your healthcare expenses, you may have heard the buzz about Health Savings Accounts (HSAs). But what exactly are they? An HSA is more than just a savings account; it’s a powerful...
Read MoreWhen diving into the world of business finance, one term that often comes up is "working capital." But what exactly does working capital mean, and why should you care? Whether you’re a seasoned entrepreneur or...
Read MoreIn the bustling landscape of investment options available today, it’s hard to ignore how mutual funds leap off the pages as a dazzling beacon for Indian investors. Imagine having your money effortlessly multiply while you...
Read MoreWhen starting a small business, many entrepreneurs focus on the visible expenses: rent, salaries, inventory, and marketing. While these are indeed crucial components that demand attention in your financial planning, there’s a...
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