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Barter Trade A barter system is an old method of exchange. Trade between persons, organizations or countries that occurred on the basis of exchange of…

A molecule is the smallest amount of a chemical substance that can exist. It is the smallest particle in a chemical element or compound that…

Accounting Treatment of Goods in Transit Goods in transit refer to inventory items and other products that have been shipped by a seller but have…

Definition – Alexandrite is a member of the chrysoberyl family of stone, some of the rarest stones on earth. It is the traditional birthstone for…

Barratry Barratry refers to an attorney’s illegal instigation of lawsuits with no legitimate claim. It is a marine insurance term, which signifies an unlawful or…

Allele frequency refers to the different forms of a gene at a single position on a chromosome. It refers to how frequently a particular allele…

Concept of Departmental Accounting Departmental Accounting refers to maintaining accounts for one or more branches or departments of the company. Modern life is very mechanical,…

Definition – “Aquamarine” (from Latin: aqua marina, “seawater”), is the second-most-popular gem beryl and is the birthstone for the month of March. It occurs at…

A bankrupt is a debtor who is unable to pay his creditors in full. The definition of the bankrupt is having been legally determined to…

Gene therapy means putting in a working gene to a person who has a damaged gene. It is an experimental technique that uses genes to…

Genetics Genetics is a discipline of biology. It is the study of heredity in general and of genes in particular. It is the science of…

Definition – The term sand dollar (also known as a sea cookie or snapper biscuit in New Zealand, or pansy shell in South Africa) refers…