Scarcity, Resources, and the economy are the three key terms used while defining economics. Scarcity means lack of availability. It refers to a situation when Resources are not enough to
Scarcity, Resources, and the economy are the three key terms used while defining economics. Scarcity means lack of availability. It refers to a situation when Resources are not enough to
Going Concern Assumption Nobody starts business with the target of winding up business in short period of time. So, this assumption is created and adopted for the processing of business transactions.
Asset in financial accounting is the property of a business that has money value, benefit for which can be availed in future or it can be converted into cash. Some