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Business vs. Personal Bank Accounts: Understanding Key ...

This article explores the key differences between business and personal bank accounts, helping readers understand which type of ac...

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Double Taxation Explained: Understanding the Burden on ...

MeaningDouble taxation occurs when the same income is taxed by two different governments, impacting both individuals and corporati...

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one person private limited company (OPC),private limite...

what are the main similarity and difference between one person private limited company (OPC),private limited company(PLC) and sole...

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Cash basis and accrual basis of accounting

In this post, we delve into the two primary accounting methods: Cash Basis and Accrual Basis. Understanding these concepts is cruc...

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capital gains tax

According to Ethiopian Tax Law capital gains tax is imposed on the income from the disposal of certain investment areas.       ...

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Bank

Mr. has deposited Birr 100,000 at Cooprative Bank of Oromia for ten yers. The bank pays annual interest of 7% which is compounded ...

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Note receivable Vs. Accounts receivable

A note receivable and an accounts receivable are both forms of assets that represent money owed to a company. However, there are s...

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