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profit maximization vs wealth maximization profit maximization vs wealth maximization

Finance

Profit maximisation and wealth maximisation are two different approaches to business. The main focus for any business is profit maximisation, but many people need...

Finance

Financial reporting gives you an insight into the financial performance of a business during a certain period. Tracking business metrics allows you to stay...

Finance

The purpose of most businesses is to sell more and generate profit. A major part of this is the company’s cash flow. Cash flow...

Accounting

The balance in your checking account at the beginning of any given day is what is referred to as the ledger balance. Each day’s activity...

Finance

MIS: Full Form & Meaning The term MIS stands for Management Information System. It is an effective system that helps decision-makers make the right...

Accounting

Starting a business comes with a list of expenses, duties and situations that you would not have expected. But the first order of starting...

Finance

Working capital is a very essential capital that is obligatory for every business regardless of the size and nature of the business. Without the...

Finance

Managing capitals is important for every business. Therefore one must know about working capital and its management. Working capital is the fund available at...

Finance

What is a Trial Balance? A trial balance is a statement of the balances of all the ledger accounts in a business at a...

Finance

What is Financial Risk? Financial risk can be defined as any peril that can bring about the loss of capital to interested groups or...

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