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50 Accounting Terms Every Beginner Should Know

1. Accounting Accounting is the structured process of recording, organizing, summarizing, and reporting the financial transactions of a business. It provides accurate financial information, helping stakeholders make informed decisions, assess performance, manage resources, and ensure compliance with legal and regulatory requirements. 2. Account Account is a record used in accounting to track all financial transactions […]

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ACCOUNTING CONCEPT, ACCOUNTING CONVENTIONS & GAAP

Accounting is often described as the language of business because it tells the financial story of an organization. It records every transaction that takes place—whether money is coming in, going out, or being invested—and converts this information into clear financial reports. These reports are then used by a wide range of users: business owners who

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INTRODUCTION : ACCOUNTING

What is Accounting? Accounting is the systematic process of recording, classifying, summarizing, and interpreting financial transactions of an entity such as a business, government department, or non-profit organization.In simple terms, accounting tells the financial story of an organisation, helping stakeholders understand how money is earned, spent, saved, or invested. This definition highlights four essential activities:

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U.S. Intervention in Venezuela and the Future of International Law

The year 2026 opened with a geopolitical shock that few saw coming. In a swift and coordinated military campaign, the United States launched air and ground operations inside Venezuela—actions that concluded with the dramatic seizure of President Nicolás Maduro along with several key members of his inner circle. American officials justified the mission as an

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Zero-Inventory Startup Models

Earlier, starting a business needed a lot of money. Entrepreneurs had to buy inventory, rent storage space, manage delivery systems, and deal with the risk of unsold products. Because of these high costs, many people could not turn their business ideas into reality. Today, the zero-inventory business model has made entrepreneurship much easier and affordable.

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Understanding Economic Growth

Economic growth stands as one of the most critical indicators of a nation’s prosperity and the well-being of its citizens. It represents the increase in the production of goods and services in an economy over time, serving as a fundamental measure of economic progress. Understanding economic growth, its drivers, benefits, and challenges is essential for

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The Rise of New Global Power Blocs (BRICS+)

The global balance of power is undergoing one of its biggest transformations since the end of the Cold War. For decades, the world was dominated by Western-led alliances like the G7, NATO, the European Union, and the Bretton Woods institutions such as the World Bank and the IMF. However, in the last few years, the

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How Web 4.0 Will Change the Internet: The Future of a Smarter, Human-Centric Web

Over the last three decades, the internet has evolved in remarkable ways. From static web pages to social media, mobile apps, and AI-powered platforms, each phase of the web has reshaped how humans communicate, work, and live. Today, we stand at the edge of a new transformation—Web 4.0, often described as the intelligent, autonomous, and

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Why Many Indian Startups Shut Down After 2021: The Real Story Behind the Shakeout

Over the past few years, India’s startup ecosystem—once hailed as one of the fastest-growing in the world—has faced a dramatic correction. After a record boom in 2021, a wave of startups have closed operations, pivoted, or failed to secure follow-on funding. This trend isn’t random; it reflects a deeper shift in the market, investor mentality,

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Underrated Technologies That Will Become Extremely Powerful in the Future

When people talk about future technology, the conversation usually revolves around Artificial Intelligence, Blockchain, or Metaverse. While these are undoubtedly important, many less-discussed and underrated technologies are quietly developing in the background. These technologies may not grab headlines today, but in the coming decade, they are expected to reshape industries, economies, and daily life in

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