Walking Inflation

Walking Inflation

Inflation is normally associated with a depreciation of country’s currency implying a decrease in purchasing power. It is not reflected by high prices but by the rise in the overall price level. The average rise in prices over a certain period of time is measured by taking a basket of goods used by people combined …

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Causes Of Depreciation

Causes Of Depreciation

Depreciation is a very important consideration in business accounting. Businesses with a heavy investment in non-current assets will record a large depreciation value in their accounts. Depreciation is also important because it is an allowable deduction for tax purposes and hence has a large impact on business cash flows. Depreciation is also important because it …

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Difference Between Cost Accounting And Management Accounting

Difference Between Cost Accounting And Management Accounting

There is at times a confusion between cost accounting and management accounting. This is mostly because for many people their introduction to management accounting comes in the form of cost accounting. From there on the understanding that there is a difference between the two is difficult to ascertain. However, many differences can distinguish them. Among …

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Functions of Packaging

Functions of Packaging

Packaging can be done in 3 parts; primary packaging, secondary packaging and tertiary packaging. The main functions of packaging are concerned with product identification, protection and promotion among others. What is Packaging Packaging can be defined as the designing and production of containers for a product. Packaging can also be an important and effective sales …

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