Bookkeeping world is based on universally accepted international accounting standard which is recently replaced in the year of 2001 by IFRS popularly known as International Financial Reporting Standard. A London based independent international standard-setting body regulated by the International Accounting Standard Board. International Accounting Standards or IAS are framed and issued by the International Accounting […]
In the present day of technology and infrastructure, we are very much open to the digital market. The main objective of all the business is nothing but maximizing profits. However, the perception and angle differ from entrepreneur to entrepreneur. The traditional business owners emphasized more on profit maximization through increasing sales or productivity. But making […]
To know something about everything or everything about something is equally difficult for a man of ordinary prudence. Entrepreneurs are not expected to have a complete knowledge of bookkeeping and accounting. There are experts for that in the industry. Business owners should concentrate on the core of their business. They should keep an eye on […]