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Why should I get a hospital system?
Hospital system – Why should I get a hospital system? Hospital System – When a patient comes to the hospital, it’s a necessary job of receptionist to take his entire information starting from his...
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Functions of Financial Accounting
The function of Financial Accounting is the process of preparing company’s financial statements to show its financial position to customers, suppliers, creditors and investors. Unlike financial...
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p&l profit and loss statement
The income statement or profit and loss account is one of the most important financial reports in the organization. It shows the company’s net profit or net loss. Unlike the balance sheet which is...
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What is a Balance Sheet?
A Balance Sheet is a financial statement that shows the company’s financial position at a specific point of time. It shows what a company owns, how much it owes as well as the amount invested by the...
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Revenue and Expense
Companies have a great incentive to maximize their profits, and boost their earnings. To do that, they should generate more revenues and lower their expenditures. In this article we will spot the...
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Income statement
Companies have a great incentive to provide timely reliable financial information to help decision makers in rationalizing their decisions. To provide reasonable comparable financial information,...
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Cost of goods sold
Cost of goods sold is one of the most significant expenses of both merchandising and manufacturing companies. Cost of goods sold is deducted from company sales to calculate gross profit. COGS...
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