The accounting equation is also called the basic accounting equation or the balance sheet equation. The left side of the balance sheet is the business itself, including the buildings, inventory for sale, and cash from selling goods. If you were […]

If the number gets too high, it could even disrupt the normal operations of the business, causing its own outstanding payments to be delayed. If the DSO calculated is low, businesses frequently receive cash for their credit sales, which signifies […]

The prediction that people can experience dissonance vicariously is based on a combination of dissonance theory with social identity theory (McKimmie, 2015; Tajfel, 1970; Tajfel & Turner, 1986; Hogg, 2001). The social group takes paramount importance in social identity theory […]