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current events

What is the etymology for the word sheriff?

sheriff (n.) late Old English scirgerefa “representative of royal authority in a shire,” from scir (see shire) + gerefa “chief, official, reeve” (see reev...

Jan 05, 2026 0 views
current events

What is the main theme of UN?

The theme for 2020 is ‘The Future We Want, the UN We Need: Reaffirming our Collective Commitment to Multilateralism’. To mark the 75th anniversary, UN Sec...

Jan 05, 2026 0 views
current events

Is Lipton tea part of Unilever?

Lipton is a British brand of tea, owned by Unilever. Lipton was also a supermarket chain in the United Kingdom, later sold to Argyll Foods, after which th...

Jan 05, 2026 0 views
current events

Is COGS an asset account?

Cost of goods sold is not an asset (what a business owns), nor is it a liability (what a business owes). It is an expense. Expenses is one of the five mai...

Jan 05, 2026 0 views
current events

Why should a business keep accounting records?

Business records are key to enabling a business to work out its profit or loss. They may also be needed to support the figures included on the tax return ...

Jan 05, 2026 0 views
current events

How is ISO 27001 relevant to Indians?

In simple words, it means that this standard is a management framework to protect business-critical information. ISO 27001 certification not only specifie...

Jan 05, 2026 0 views
current events

How much profit should a silent partner make?

Typical Percentage of Profit of a Silent Partner For instance, if a silent partner invests $100,000 in a company that needs $1,000,000 to operate, then he...

Jan 05, 2026 0 views
current events

Why do liabilities have credit balance?

Liabilities, revenues, and equity accounts have natural credit balances. If a debit is applied to any of these accounts, the account balance has decreased...

Jan 05, 2026 0 views
current events

What is the formula for average profit method?

The formula of Capitalisation of Average profit/ Value of business: – Capitalisation of Average profit = X Normal Rate of Return What are the method of ca...

Jan 05, 2026 0 views
current events

Can you relate piconet and scatternet?

The bluetooth network consisting of one or more piconets is known as scatternet. The devices in one piconet type may function as master or slave in anothe...

Jan 05, 2026 0 views