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Corporate Accounting: Meaning, Importance & Explanation

Razorpay

Knowing how corporate accounting works and its role in facilitating the growth of a business is important because it plays a fundamental role in the smooth functioning of business financials. Corporate accounting refers to the process of recording a company’s financial transactions. What is Corporate Accounting?

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Full form Of CDS

Wall Street Mojo

This financial instrument is commonly used by creditors who are not sure of getting back the money from the borrowers and wants to offset the risk of default. It refers to the possibility that the lender may not receive the debt's principal and an interest component, resulting in interrupted cash flow and increased cost of collection.

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Guide to Payment Methods, How to Accept with Pros and Cons

Razorpay

Record-keeping: Transactions are recorded, aiding in budgeting. No interest: You don’t accumulate debt as with credit cards. To accept debit card payments, businesses need a point-of-sale (POS) terminal for in-store transactions or an online payment gateway for digital transactions.

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Statement of Cash Flow

Wall Street Mojo

A CFS records a firm’s all cash-based transactions during a particular accounting period Accounting Period Accounting Period refers to the period in which all financial transactions are recorded and financial statements are prepared. Since cash provides liquidity, it is decisive for the survival of a business.