Sales tax is usually charged on the total value of a commodity once the sale occurs. VAT, on the other hand, is a tax charged on the product at each level of the production or&hellip
Posts By Shedrack Mutinda
Difference Between ACH Debit AND ACH Credit
The Automatic clearing house is a simplified electronic funds transfer process from one account to another account. The process is composed of two methods: ACH Debit and ACH Credit, each method being unique in its&hellip
Difference between acquisition method and purchase method
1. Acquisition and purchase methods are two accounting methods used in accounting for mergers and acquisitions. These two accounting processes are almost identical in everything and share similar principle. The however display some identifiable points&hellip
Benefits of Online Shopping
The advent of online shopping is a remarkable milestone in the field of marketing. It is an invention of the 21st century that arose as the competition between marketers increased more than before and the&hellip
Benefits Of Audit
The benefits of an audit to any business are numerous since it seeks to give the true and fair view of the financial statements and operations of the subject entity. Independent opinion: Audit being an&hellip
Benefits of life insurance
The subscription of any individual to a life insurance cover is motivated by the multiple benefits that the subscriber or the policy beneficiaries expect to derive from the scheme at its maturity. Life insurance covers&hellip
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