Taxation – Introduction, Characteristics, Objectives, Kinds, Types

Taxation refers to the act of levying taxes on the citizens of a country through a well-defined tax structure developed by the government of the country. A Tax is a compulsory payment made by the citizens of a country to the government to meet expenditures of public authorities and for the common welfare of all, without any expectations of any specified […]

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Types of Cost / Classification of Costs

What is Cost? It refers to the monetary expenditure which a firm has to incur in order to purchase or hire the factors of production. It is the expense of purchasing or hiring factor services for production and other business activities. Classification of Cost / Types of Cost There are various types of cost: On the basis of Nature of […]

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