Carriage Inwards Outwards Freight In with Double Entry
The transportation cost of goods from one place to another place is called freight in or Carriage inwards, which…
Accounting Equation in accounting Example Formula Definition
It’s the fundamental tools of any business to check the final position of the business. It shows the true…
Basic Bookkeeping Concept for skills of accounting.
Bookkeeping is the first stage of Accountancy. It’s a recording of the monetary transaction as per the standard operating…
What is Implicit Cost
The opportunity cost totally resembles the implicit cost. The opportunity cost is equal to what a firm give up…
Explain Explicit Cost with Definition and its Application
The explicit cost represents the outflow of money from the business that reduced the profit of the business. The…