Manifestation Trigger
Manifestation Trigger A manifestation trigger is a specific event or thought that causes a person to manifest their desires. It is the catalyst that triggers the subconscious mind to create a reality that aligns with the desired outcome. Types of Manifestation Triggers: Internal triggers: Thoughts, beliefs, habits, emotions, and subconscious patterns that influence our manifestation […]
Accretion
Accretion Accretion is the process of matter accumulating on a celestial body, such as a star, planet, or black hole. It is caused by the gravitational attraction between the object and the accreting matter. Mechanism: Gravitational Attraction: The object’s gravity pulls the accreting matter towards itself. Magnetic Fields: If the object has a magnetic field, […]
Historical Cost
Historical cost is the cost of an asset or liability at the time it was acquired or incurred. It is used as the basis for depreciation or amortization of the asset or liability over its useful life. Formula for historical cost: Historical cost = Cost when acquired or incurred Example: A company purchases a machine […]
Lucrative
The word “lucrative” is an adjective meaning “very profitable, highly rewarding”. Example: The business opportunity was highly lucrative, offering the potential for high returns on investment. Synonyms: Profitable Rewarding Lucrative Amusing Ascerbic Opulent Antonyms: Unprofitable Loss-making Unsuitable Inconvenient
Kiosk Banking
Kiosk Banking Kiosk banking refers to a type of banking service that is provided through self-service kiosks located in public spaces, such as malls, airports, and supermarkets. These kiosks offer a range of basic banking services, such as cash withdrawal, deposit, transfer, bill payment, and account inquiry. Key Features of Kiosk Banking: Self-service: Kiosks are […]
Net Sales
Net Sales Net sales is a measure of a company’s total revenue generated from the sale of products and services to customers. It is calculated by subtracting any returns, allowances, and discounts from gross sales. Formula: Net Sales = Gross Sales – Returns – Allowances – Discounts Components of Net Sales: Gross Sales: Total revenue […]
Encumbrance
Definition: Encumbrance is a legal claim or obligation that restricts the use or disposal of a asset or a property right. It is a burden or restriction on the use or enjoyment of an asset or property. Types of Encumbrances: Mortgage: A security interest in land that secures a loan. Liens: Secured claims against a […]
Alternative Investments
Definition: Alternative investments are investments that are not traditional stocks, bonds, or mutual funds. They typically include a wide range of assets that are often used to diversify portfolios and generate higher returns. Types of Alternative Investments: Private equity: Investments in privately held companies. Venture capital: Investments in early-stage companies. Real estate: Investments in real […]
Diversified Fund
Definition: A diversified fund is a type of mutual fund that invests in a wide range of assets in order to reduce risk. These funds typically hold a portfolio of investments from a variety of sectors, industries, and geographic regions. Key Features: Low risk: Diversified funds spread the risk of investment across a broad range […]
Audit Committee
Audit Committee The audit committee is a committee of the board of directors responsible for overseeing the company’s external audits and internal controls. The primary responsibilities of the audit committee include: 1. Overseeing the External Audit:* Appointing and overseeing the independent auditor.* Reviewing the auditor’s report and any other audit-related communications.* Discussing audit findings with […]
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