What Is Economic Integration? Economic integration is an arrangement among nations that typically includes the reduction or elimination of trade barriers and the coordination of monetary and fiscal policies. Economic integration aims to reduce costs for both consumers and producers and to increase ...
Kinds of Cash Books A cash book is like a subsidiary book. It is a special book that will record only one type of transactions – cash transactions. In an organization thousands of cash transactions occur in a year and journalizing them all is tedious work. And so companies maintain cash books. Le...
What is electoral malpractice? How often does this process interfere with elections? Electoral malpractice is one of the means involved in dirty games of politicians. How many times in your life you took part in voting and electing a person to represent your organization, city or country? Perhaps,...
What is a Database? A database is a collection of related data which represents some aspect of the real world. A database system is designed to be built and populated with data for a certain task. What is DBMS? Database Management System (DBMS) is a software for storing and retrieving users' da...
We see a variety of plants around us. Despite the fact that all of them have same parts and functions, they are different. They appear distinctive with different types of leaves, flowers, stem, etc. Hence, classification of plants can be based on many factors. Plants can be classified based on their...
Agriculture as a branch of the world economy plays a significant role in human life. Its main goal is to meet the population's needs for food and provide the industry with raw materials. From this article, you will learn the role of agriculture in Nigeria economic development. Roles of agriculture...
The history of Nigeria is actually quite interesting, especially when it comes to the question about constitutional development in Nigeria before Independence. Let’s look through some facts you have never heard before What does Constitution mean? First of all, a constitution is a collection of ...
What Is Inflation? Inflation is a quantitative measure of the rate at which the average price level of a basket of selected goods and services in an economy increases over some period of time. It is the rise in the general level of prices where a unit of currency effectively buys less than it did i...
What is Depreciation? Depreciation is the systematic reduction of the recorded cost of a fixed asset. Examples of fixed assets that can be depreciated are buildings, furniture, and office equipment. The only exception is land, which is not depreciated (since land is not depleted over time, with t...
ACCOUNTING CONCEPT AND CONVENTION Meaning of Accounting concept Accounting concept and conventions are different bodies of principle which have been developed over the years to regulate the practice of accounting profession .So the preparation of financial are guided by content and objective pri...