Elasticity

Very short questions of Elasticity Define elasticity of demand. Ans) The elasticity of demand is the measure of responsiveness of demand for a commodity to the change in any of its determinants like price of the same commodity,price of the related commodity,income of the consumer,etc. What are the types of elasticity of demand? Ans)There are […]

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Sensation

¬†Sensation,Sensory thresholds Sensation: Sensation is the process that allows our brains to take in information via our five senses, which can then be experienced and interpreted by the brain.Sensation involves the relay of information from sensory receptors to the brain and enables a person to experience the world around them.Sensation is input about the physical […]

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Perception

Perception,Process of perception Perception : Perception is the activity of sensing,interpreting,and evaluating objects both physical and social.Perception is the set of unconscious processes we undergo to make sense of the stimuli and sensations we encounter.Oerception is the process of organizing and attempting to understand the sensory stimulation we receive ,select organize and interpret our sensations.Our […]

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Accounting Equation

Accounting Equation,Financial Accounting I,BBA first semester,BBA-BI second semester Accounting Equation: The accounting equation displays that all assets are either financed by borrowing money or paying with the money of the company’s shareholders. Thus, the accounting equation is: Assets = Liabilities +Shareholder Equity. The balance sheet is a complex display of this equation, showing that the […]

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Worksheet

Worksheet:¬† An accounting worksheet is a spreadsheet used to prepare accounting information and reports. Accounting worksheets are most often used in the accounting cycle process to draft an unadjusted trial balance, adjusting journal entries, adjusted trial balance, and financial statements. Worksheets are prepared at the end of an accounting period and usually include a list […]

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