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What does nature of business mean in accounting?

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business are classified into two natures individual business & collective business
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What is the best business accounting software?

Microsoft Office's Access and Quickbooks are the leading software for business accounting. These software are very user friendly and would get your business running smoothly.

What does the nature of business mean?

When filling out a form, "nature of business" refers to the type or general category of business or commerce you are describing. For example, if you work at Microsoft, then th

What is the meaning of nature of business?

The nature of business is what kind of business are you doing in your job. For example you work in McDonalds so the nature of business is the food service.

What is the meaning of credit and debit in business accounting?

Credit is giving money and debit is taking. A shop will debit its  customers in exchange for goods and the customers will credit the  shop for the goods.    In Accoun

How do i open a business bank account?

Opening a business bank account is essential for every business. The directors of the business need to pass a resolution authorising the opening of the account, and need to de

What role of management accounting in business?

  Role of Management Accountants   * Breaking down of cost/expenditure into functions and processes to facilitate cost control at each operational level.  * Developi

How do business bank accounts work?

Business Bank accounts work the same as personal accounts however they are in the name of a business and used to manage the deposits and withdrawals. There are usually limits

Why is accounting considered as the language of the business?

Language is the medium of communication. With-out language feelings,immotions , information sharing among people can not be possible. Exactly it is similar in the case of acco

What do you mean The business of business is business?

I belive it's originally a quote of management specialist Peter Drucker. It means that you can not and should not expect individual businesses to include e.g. social or enviro

What is nature of business?

According to "Business is an enterprise engaged in the production & distribution of goods for sale in a market or the rendering of services for a price. L.R. Dicksee, "Busin
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What are the benefits of business current account?

A business current account has several benefits including allowing the business to move money in and out of the account in real time. It allows the company to pay for things i