Introduction Aquatic ecosystems cover almost 70% of the earth's surface. An aquatic ecosystem comprises two habitats: freshwater and marine habitats. The freshwater habitats contain low salt content. It includes ponds, lakes, streams, wetlands, swamps, and rivers. Marine habitats contain relatively high salt. Water is an inevitable part of our life. ... Read More

Introduction Almost every activity produces some kind of waste. Every year the amount of waste produced by the community is greater than the amount of waste managed by the community and this is a very alarming situation for the environment. About 277 million tons of waste is produced by ... Read More

What is Gaining Ratio? Gaining ratio is a term related to partnership firms. When a partner of a partnership firm retires, the remaining partners need to form a new partnership with a new partnership ratio. This new ratio is applied in distributing the profits and losses to the remaining partners. ... Read More

Introduction Every company incurs costs during its operations. It is impossible to think about a company with no cost. The companies therefore must be aware of the costs because the unnecessary costs may harm the financials absurdly. Saving funds by managing costs efficiently goes a long way in making a ... Read More

Introduction Usually, organizations have different types of assets. They may include property, plants, inventories, etc. The assets may have different natures and their properties may be different too. According to analysts, there is one fundamental difference among the assets depending on which the assets can be divided into two sections ... Read More

Introduction Governments have both earning and spending as their responsibilities. Therefore, they earn revenues and spend money on public projects, such as infrastructure, education, and public health. There are two possible results of this − The government may either have a surplus or A deficit in the budget. ... Read More

What is meant by Dissolution of Partnership Firm? Dissolving a partnership firm legally means stopping the business under the name of the said partnership firm. In such a case, all liabilities are ultimately settled by selling off assets. Assets may be transferred to a particular partner, which settles all accounts ... Read More

Introduction When the relationship between all the partners of the firm is terminated then it is called the dissolution of the firm. After the dissolution of the partnership firm, the firm won’t exist anymore. This dissolution process includes disposing and discarding of all the assets of the firm and/or settlements ... Read More

Introduction Although often not mentioned, the financial statements of a company are the backbone of success. By keeping records of the company’s financial conditions, the accountants not only save the financial mechanism a company follows but also find out whether the company is profitable and working in the right direction. ... Read More

Introduction Financial analysis is also considered to be a helpful tool to correctly analyze the condition of the business by many analysts. Since financial analysis is performed according to set mathematical standards, many analysts argue that it helps to minimize human errors to a large extent. Financial analysis is also ... Read More