September 2018

All You Need To Know About Value Added Tax (VAT) In Nigeria

A Value Added Tax also known as VAT is a type of consumption tax levied on products at every point of sale where value has been added t...

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What Balance b/f, c/f, b/d, c/d Mean In Financial Accounting

Balance b/f, c/f, b/d, c/d are often used in accounting, especially financial accounting. infact, it is rear to solve any accounting prob...

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Difference Between Purchases And Cost Of Goods Sold

The term Cost of Goods sold and purchases are mainly used in trading account, and i guess you must have been thinking about the differen...

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What Do Employers Look For In Accounting Graduates?

The competition for jobs is quite tough in the labour market, so those with an accounting background might want to refresh themselves on...

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What is the Difference Between an Accountant and an Auditor?

Often one of the first questions asked by people interested in pursuing a career in accounting is the difference between an accountant a...

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Meet Olutoyin Olusola Olakunri, First Female Chartered Accountant In Nigeria

Chief Mrs. Olutoyin Olusola Today we remember the life and time of our very own Chief Mrs. Olutoyin Olusola Olakunri, a legend in accou...

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Meet Akintola Williams, The First Chartered Accountant In Africa

Mr Akintola Williams Mr Akintola Williams was born on August 9, 1919 in Lagos State Nigeria. He was born in a wealthy family with gene...

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What Are The Risks Of Accounting Career

Accountants are saddled with the responsibilities of accurate processing and reporting of a company's financial information, and mis...

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Difference Between Current Liabilities And Non Current Liabilities

Balance sheet is a statement of financial position which shows the assets, liabilities and equity of a company. This article will only fo...

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Formation Of A Company

Formation of a company is the process of registering a business as a limited company at Company registration House. The company house dif...

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Meaning Of Personal Income

Personal income can be defined as the gross earnings received by an individual or a household including all the sources of compensation ...

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Difference Between Accounting And Finance

Accounting and Finance are two different disciples of business but both play vital roles to keep a business afloat. But the question be...

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Types Of Accounts In Accounting And Their Classifications

What Is Accounts? An account can be defined as a record in a double entry system that is kept for each class of asset, liability, revenue a...

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Difference between Accounting Principles And Accounting Policies

Policies are the norms, rules, directions, methods that a business decides for themselves. Policies are not universal, they can differ ...

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Difference Between Accrued Income And Accrued Revenue

People often interchange Accrued income for accrued revenue thinking that they mean the same thing. The difference between accrued income...

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Meaning Of Accrual Concept Of Accounting

Accrual Accounting is an Accounting method that involves recording revenues and expenses when they are incurred, regardless of when cash...

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What Are The 3 Golden Rules Of Accounting?

Bookkeeping is only one aspect of financial accounting. Every transaction in accounting has two entries: a debit entry and a credit entr...

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