Valuation and asset verification are mutually beneficial. Valuation is a thorough examination and testing of determining asset values based on their efficacy over a specific period. It helps to evaluate the company’s exact financial position. The term “verification” refers to the act of confirming the accuracy of something. It is an investigation of the worth, …
The main difference between the budget line and the budget set is, budget set refers to the set of combinations of two goods at market price as per the income of the consumer whereas the budget line represents the set of two goods as a graphical representation. This graphical representation shows by a line joining …
To ensure the records and accounts are correct, a firm needs to conduct audits regularly. Many small firms don’t like the idea and process of auditing. Yet if the firms conduct audit regularly, it benefits them. In this article we will learn about the basic concepts of auditing, its advantages and disadvantages. But before that …
