You must have encountered situations in your daily life wherein there are two person with the same intellectuality level, working in...

Have you ever wondered why companies offer famous Bollywood icon and cricketers as their brand ambassador? Shahrukh Khan, Kareena Kapoor...

With Mahendra Singh Dhoni on the verge of retirement, Chennai Super Kings need to search for a new captain for its squad, who can take on...

Are you aware of all the storage or memory units used in the world of computers? Here are all the units, sorted from smallest to the...

A private company and an LLP often seem to be same in their features, although there are several differences distinguishing both the forms of business organizations. 1. First of all, both the forms of organization have different governing acts. A company is incorporated and governed by The Companies Act, 2013. On the contrary, a Limited Liability Partnership is formed under the Limited Liability Partnership Act, 2008 (LLP Act). 2. A private company can have a maximum of 200 s

The C&AG is the authority which discharges the function of Government Audit in India. Let us look deep into what is C&AG and its powers. In order to understand about C&AG, we need to know what is Government Audit. Government auditing is the objective, systematic, professional and independent examination of financial, administrative and other operations of a public entity, in order to express an appropriate professional opinion regarding to the fairness of the presentation of

Have you recently been Covid positive? No need to worry, here are some remedies which you can take to be cured during home isolation. 1. First of all, as soon as you start getting any symptom of the flu, consult a doctor immediately. It is better to start medicating yourself as early as possible. Even if you don't have Covid, taking medicines will not harm. Also, if anyone from your home has tested positive, you can start taking the same medicine as your family member is taki

These three terms often create a dilemma regarding their true meaning. Here is the explanation to the correct meaning of these jargons. PATENTS: Patents are basically rights that exclude the person other than the one registered, to produce, sell or even trade with the specific good or service, which is generally a new invention. It can be a new production technique, a new good or a scientific invention. A patent reserves the right of the owner for a period of some years, whic

Business Environment is something which is very important to be aware of for an entrepreneur. Let us understand what exactly is business...

IPL 2021 will witness certain changes in the rules pertaining to T20 International matches. Let's have a look at them and their...

There are two types of leases - Operating Lease and Finance Lease. Here is a detailed explanations of both with practical examples. First...

There's a lot of confusion among people as to what are the differences and similarities in Finance and Accounting, which seem to be one and the same to the majority. Let's get into it and clear this out. FINANCE: Going by definition first, Finance includes any activity that involves money or capital management. Any economic activity that mainly comprises of management of funds or its associate, fall under the domain of Finance. Every activity in the domain of Finance basicall

You must have heard a lot about cooperative societies in various movies or shows. Let's know what they exactly are and some legal...

Here is the predicted playing XI of the Indian Cricket Team for the T20 matches against England, with explanations for selection. Rohit...

The English Cricket Team is relying on the policy of rotation of players since the last couple of years. Rotation of players means to...

The US has recently passed a new taxation act. Here are the highlights and review of the same. The last month of the first quarter of 2021 has witnessed the introduction of a new tax scheme in the USA. Named "Ultra-Millionaire Tax Act", it certifies itself by levying massive taxes on mega-millionaires of the country. Following are the slabs fixed for the new tax act: For households of net worth above $50 million but below $1 billion - 2% annually For households of net worth a

These terms are widely used in the business world and Cost Accounting. Let's have a look what do they exactly mean. DIFFERENTIAL COST: It is the difference between the cost of two alternative decisions, which the management seems apt. This cost occurs when a business faces several similar options, and a choice must be made by picking one option and dropping the other. Let us understand this with an example- Lets suppose Bestaste Company is a food giant that primarily relies o

If you go on to compare Dubai of 1995 to that of 2015, you are going to notice massive development works in a span of less than 20 years. What is the reason of this drastic growth? Read ahead to find out. Dubai in 2015 Well, to understand the major reason behind the sudden development of Dubai, we will have to go 200 years back in time. It was the time when the India was ruled by the the British Empire. When the British had exploited India extremely, China came in the eyes of

The third test between India and England, which commenced on the 24th of February, at Narendra Modi Cricket Stadium, witnessed the...

There are a lot of differences in both types of accounting. Read ahead to find out. Cost Accounting is the branch of accounting which...