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  1. A business organization is an entity aimed at carrying on commercial enterprise by providing goods or services, to meet needs of the customers. ... The different forms of business organizations are Sole Proprietorship, General Partnership, Limited Partnership, Corporation, "S" Corporation, and LimitRead more

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  1. Labelling is the display of label in a product. A label contains information about a product on its container, packaging, or the product itself. It also has warnings in it. ... It helps the product stand out in the market, and identifies it as a part of a particular brand.

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  1. Commerce is the conduct of trade among economic agents. Generally, commerce refers to the exchange of goods, services or something of value, between businesses or entities. From a broad perspective, nations are concerned with managing commerce in a way that enhances the well-being of citizens, by prRead more

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  1. An accounting standard is a common set of principles, standards and procedures that define the basis of financial accounting policies and practices. Accounting standards improve the transparency of financial reporting in all countries. In the United States, the Generally Accepted Accounting PrinciplRead more

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  1.   There are some misconceptions about accounting. Like the fact that a Profit & Loss Statement shows the true profit or loss earned in a year, or that a balance sheet perfectly depicts the financial position of a firm. Whereas the truth is that accounting is not a perfect science or art orRead more

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