FIFO vs LIFO inventory systems
FIFO vs LIFO inventory systems

A big part of accounting revolves around the wonderful world of tax compliances and regulatory bodies that work in conjunction with the accounting aspect of tabulating business performance and tracking the flow of money throughout the company. Stock valuation or stock accounting deals with valuation of company’s inventory, which can vary due to not only not only how many products…

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Is accounting really that important?
Is accounting really that important?

Accounting is the process of keeping records of the financial transactions which got completed and updating the same from time to time. Accounting gives you reports like how much money is invested in your business, how much your business owes and shall receive, how much your business is earning and so on. You will be lost without Accounting Accounting tracks…

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