Economics and Sociology:Sociology is a science of society. The social sciences such as politics and economics might be believed as the branches of sociology. Sociology is a common social science. It attempts to find out the facts and laws of society as an entire. Sociology deals with every aspects of society. However economics deals only with the economic aspects of society. It studies human behavior in association to scarce means and unlimited needs. For a student of sociology, social institutions such as religion, marriage, political institutions & economic circumstances are all significant subjects for study. However in economics, we are fascinated in them only to the level that they affect the economic life of a society. And we can’t properly understand the economic situation of a society without considering its sociological aspects. Although economics is a branch of sociology, we should seem at it as a separate and different branch.
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Companies are legally obliged to differentiate, on the statement of financial position, among that part of the equity of shareholders which may be withdrawn and that part that may not.
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It is importance asking why cash is so important. Nevertheless, the cash is just an asset that the business requires to assist it to function. In that sense, it is no dissimilar from inventories or non-current assets.
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The winding pitch, Y = +2 (progressive winding). The front pitch, Yf = Yb – Y = 25 – 2 = 23 in terms of coil sides.
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Overhead costs are also known as indirect or supplementary costs. These are costs that cannot be completely debited directly to a specific job.
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