Limitations of Statistics

Statistics is a field of study where data is presented in the form of numbers and then that data is analyzed and results of that analyzed data is made available for interpretation by interested parties. Statistics in majority of cases takes into account only sample and not the whole population. It can be better understood [...]

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Features of Capital Budgeting

Capital budgeting refers to that technique using which a company identifies and evaluates the project where the cash flow of the company will be higher and greater than any other project under consideration. It can be better understood with the help of a example suppose a company has 3 projects under consideration all requiring expenditure [...]

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Examples of Accrued Income

Dictionary meaning of the word accrue is accumulated and in case of accounting accrued income refers to that income which the company or individual has earned or accumulated but has not received that income. In case of accounting accrued income is taken into account for the year in which it is earned and not in [...]

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Difference between Developed and Developing Countries

One often hears that people talk that nations like America and England are developed countries and countries in Asia and Africa region are still developing, so why this distinction, in order to understand it one needs to know the differences between developed and developing countries – In developed countries living standard is very good and [...]

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Refinancing Advantages and Disadvantages

When you go to eat outside in a restaurant and you get a deal where there is discount of 10 percent on the amount of total food bill you would obliviously will be happy, in the same way in finance when a lender revises the loan terms by offering either a revised payment schedule resulting [...]

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