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Greenwich Mean Time Wikipedia

GMT was also crucial to the other great solution to the ‘longitude problem’, represented by John Harrison’s famous timekeepers. In 1767 Maskelyne introduced the Nautical Almanac as part of the great 18th century quest to determine longitude. Greenwich Mean Time is the...

Journal Entry Examples

No, only credit sales are recorded in the sales journal. The journal book must record every business transaction, which means entries need to be made. We will provide you with 20 frequently asked journal entry examples on Google along with their logic. This is posted...

What is Sales Turnover: Definition and ratio formulas

By contrast, turnover can refer to how quickly a company either has sold its inventory or is collecting payments compared with sales over a specific time period. Generally speaking, turnover looks at the speed and efficiency of a company’s operations. The accounts...

What is a transaction cost? Investing Definitions

To update the knowledge of how innovation is developing, far-sighted specialists are needed in many fields. In addition, monitoring and evaluating the constant change in innovation requires huge investments, which entail risks. While a supplier can divide those risks...

Bond Definition Types Example How It Works

Essentially, bonds are a way for companies and governments to raise capital. When investors buy bonds, they lend to the issuer, who, in return, promises to pay the lender a specified interest rate during the bond’s life and to repay the principal at an agreed-upon...