I love to inspire myself, and one of the best doses of inspiration is looking up at the people who have already made it to the zenith of success. In business and in entrepreneurship, we always face troubles which halt us from moving on the track we are supposed to complete to … [Read more...]
Entrepreneur vs. Employee: What’s the Difference between the Two?
Entrepreneur vs. employee - which is better for you? In our previous article, we have discussed the difference between a businessman and an entrepreneur. We have also learned that entrepreneurs are business persons who have evolved from being merely business owners to successful … [Read more...]
How to Make Accounting Journal Entries
After identifying and measuring your business transactions, you will now move to the recording process of accounting. The first phase of recording is making the journal entries (journalizing) that should be recorded in the general journal or special journals, such as sales … [Read more...]
What is the Accounting Equation and How Does It Work
What is an accounting equation? This is the relationship expressed between the three basic accounting elements in the balance sheet or statement of financial position i.e., assets, liabilities and equity. All accounting or financial information is recorded within the framework of … [Read more...]
8 Reasons Why Businesses Succeed
What are the reasons why businesses succeed? If you don’t want your business to fail or you don’t want to taste failure again, you need to know, learn and understand why a business succeeds. Moreover, these knowledge, lessons and understanding should also be put into consistent … [Read more...]
What is the Importance of Accounting in Business
What is the importance of accounting in business? Imagine a world without language and communication, isn’t it in chaos? What would happen if there is no balance sheet or statements of financial position to show us the financial condition of our business? What can we do if there … [Read more...]
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