Financial Management: Definition, Objectives, Functions, Approaches, Decisions, and Importance

Financial Management refers to the application of general management principles to the various financial resources which are projected. This encompasses planning, organizing, directing and controlling financial activities.

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Trial Balance: Objectives, Methods of Preparing, Classification of Errors, Limitations

A trial balance is a statement showing the balances, or total of debits and credits, of all the accounts in the ledger with a view to verify the arithmetical accuracy of posting into the ledger accounts.

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