Business

Concept of Commission in Consignment The commission of the consignee is calculated on gross sales made by the consignee. It is the percentage of a…

Intellectual capital is the knowledge that can be exploited for some money-making or other useful purpose. It is the sum of all knowledge; implying that…

Social accounting is the process of communicating the social and environmental effects of organizations’ economic actions to particular interest groups within society and to society…

Charter Party A charter party is a document of a contract between a shipowner and a shipper. It is a deed between a shipowner and…

Conflict can be described as a disagreement among groups or individuals characterized by antagonism and hostility. This is usually fueled by the opposition of one…

Inflation accounting comprises a range of accounting models designed to correct problems arising from historical cost accounting in the presence of high inflation and hyperinflation.…

Aggregate Demand (AD) is an economic measurement of the total amount of demand for all finished goods and services produced in an economy. Aggregate demand…

The environment is a heavy focus of green businesses. Green business or sustainable business, is an enterprise that has a minimal negative impact, or potentially a…

Accounting Treatment of Consignment A consignment is a special agreement for the sale of goods from the consignor to the consignee. Consignment occurs when goods are…

Chamber of Commerce A chamber of commerce is a voluntary non-trading association of people engaged in practical commerce and industry of the country. It is…

Market value added (MVA) is the difference between the current market value of a firm and the capital contributed by investors. It is a calculation…

Information governance, or IG, is the overall strategy for information at an organization. It is key in this technologically dominated business world. Information governance balances the…