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Category Archives: Class 12

What is Poverty? Poverty is a particular issue that affects many countries around the world. There can not be a universally acknowledged definition of poverty.… Read More
What is Aggregate Demand? The word aggregate in the Aggregate Demand means ‘Total’, therefore, Aggregate Demand indicates the total demand of an economy. Aggregate Demand… Read More
When the firm is reconstituted all the accumulated profit, reserves and losses are transferred to Partner’s Capital Accounts (if capital is fluctuating) or Current Accounts… Read More
Pre-Reform Scenario Since independence, India has followed a mixed economic system in which the advantages of both capitalist (market) and socialist (planned) economies are combined.… Read More
India is a large and populated country, yet it is still in the process of development. Hence, one of the most essential factors that will… Read More
What is Employment? People do a wide range of jobs to earn a living. Work significantly impacts our lives as individuals and as members of… Read More
On 15 August 1947, India gained Independence from the two hundred years of British rule. Finally, India became the master of its destiny, and the… Read More
Accountancy is a practice through which business transactions are recorded, classified, and reported for the proper and successful running of an organization. GeeksforGeeks Class 12… Read More
What is Redemption of Debentures? Repayment of debentures to the debenture holders or discharge of the liability on account of debentures is known as the… Read More
The movement of cash & cash equivalents or inflow and outflow of cash is known as Cash Flow. Cash inflows are the transactions that result… Read More
What are Financial Statements? The accounting process ends with the preparation of the financial statement. The information about the financial position of any company is… Read More
The movement of cash & cash equivalents or inflow and outflow of cash is known as Cash Flow. Cash inflows are the transactions that result… Read More
Whenever a partner retires, the capital of the remaining partners is changed. As a result of this, some partners may have to bring in desired… Read More
A Vertical Analysis of Financial Statements of a company, in which the amount of individual items of a Balance Sheet of Statement of Profit &… Read More
Goodwill is an intangible asset that is either self-generated or purchased. It is the value of benefits that a business has because of the factors… Read More

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