Matching concept is one of the fundamental principles of GAAP (Generally Accepted Accounting Principles). It is based on accounting period concept. It states that the revenues...
Entity Concept, also known as business entity concept or separate entity concept states that a business organization and its owners are two different persons. Legally, corporations...
In accounting and financial terms, sunk costs are those costs that have already been incurred in the past and have no role in decision making for...
In accounting terminology, account receivables refer to the sum of money that is due to the company for any of its goods sold or service rendered....
THE PAST EFFECT Thoughts Flick Bygones are bygones, right? So why do we get pulled back by something that happened in the past? Why do we...
Self-fulfilling prophecy is coined by 20th-century sociologist Robert K Merton. In his 1948 article Self-Fulfilling Prophecy, Merton defines it in the following terms: The self-fulfilling prophecy...
If you were a librarian and you had to sort out hundreds and thousands of books, what would you do? The best way to make it...
Various studies and reports suggest that fossil fuel companies are not unaware of climate change and what’s going on our planet. But, they are intentionally spreading...
By: Lakshya S Follow @lakshyanepali To me, our patriarchy culture of passing down the parental properties to male children is the most influencing factor behind why...
On 1st April, 2016, we, Kaagmandu Magazine, asked our page followers this question providing three options. Question: Do you think Nepal has got a promising...
