Accounting Definitions

Accounting definitions are defined by different authors in different ways. Accounting definitions are easy to understand and in easy language. Accounting definitions provides proper guideline & process in the preparation of different accounts of any thing.

Market Economy

Market economy can be defined as the ideal situation of the economy and the market where the decisions regarding the economy and the pricing of the goods, products and market entities is solely taken by the citizens of the economy with the proper interactions

Market Distortion

Market distortion as the name indicates is a definition given to a kind of disturbance in the market. The market distortion or the market disturbance occurred in the given economy when there is an intervention by the government in the market. The intervention can

Unqualified Audit

Unqualified audit is termed as a complete audit. An unqualified audit is termed as the most accomplished comprehensive and accurate form of the audit. The only discrepancies left in the audit are believed to be those discrepancies that are not accessed by the auditor
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