What is Revenue?
Meaning of Revenue Revenue is the earnings that an enterprise has from its usual business pursuits, usually from the sale of commodities, and services to… Read More »What is Revenue?
What is Acceptance?
Acceptance and offer play important roles in the formation of a valid contract. For a successful contract, there must be a valid offer followed by… Read More »What is Acceptance?
What is Liability?
Meaning of Liability Liability is a term in accounting that is used to describe any kind of financial obligation that a business has to pay… Read More »What is Liability?
What is Quasi Contract?
A quasi-contract is a legal obligation imposed by law to prevent unjust enrichment. This is also called a contract implied in law or a constructive contract. A… Read More »What is Quasi Contract?
What are Small Scale Industries?
Small-scale industries are referred as, which the process of manufacturing, production, and servicing are done on a small scale. Characteristics of Small-Scale Industry Generally have… Read More »What are Small Scale Industries?
Difference Between Entrepreneur and Manager
Entrepreneur and manager, these two terms that are often used in management parlance, although they sound similar but are different in their functioning. Both of… Read More »Difference Between Entrepreneur and Manager
White Blood Cells or Leukocytes
Leukocytes are part of the body’s immune system. They help the body fight infection and other diseases. They are also known as White blood cells.… Read More »White Blood Cells or Leukocytes
What are Outstanding Expenses?
Outstanding expenses are those expenses that have already been incurred but have not been paid yet. For accounting purposes, these expenses need to be charged against… Read More »What are Outstanding Expenses?
Marketing vs Branding
Marketing and Branding are both interrelated terms in marketing management. The activities are used to bring awareness of a product or company among people. They… Read More »Marketing vs Branding
What is Phenol?
Phenol is an aromatic compound. The chemical formula of this organic compound is C6H6O. It is also known as Carbolic acid. It consists of a… Read More »What is Phenol?