Culture and its Characteristics

Culture is the totality of life which is comprised of knowledge, beliefs, art, morals, customs, and habits of the people. People receive culture as a part of heritage and may bring changes in the culture later on. There are two types of culture i.e. material culture...

Sociology and its Development

Sociology is one of the most interesting subjects in the planet. One can easily understand the social life by understanding Sociology. A French philosopher Auguste Comte invented the term Sociology. That’s why he is known as the father of Sociology. The term Sociology...

How to Make Balance Sheet

Balance sheet is statement of the total assets and liabilities of an organization at a specific point in time. It is often described as snapshot of a company’s financial condition. Standard balance sheet consists of three parts i.e. Assets, Liabilities and...

How to Make Income Statement

Income statement is a financial document which shows income and expenses of an organization over a given period of time e.g. six months, one year etc. It is also known as profit and loss statement. The purpose of income statement is to know whether or not the business...
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