Reasons for removal of fuel subsidy in Nigeria
The reasons for the removal of fuel subsidy in Nigeria are numerous ranging from fiscal constraints to equity concerns. Nigeria …
How much is Nigeria paying for fuel subsidy?
How much is Nigeria paying for fuel subsidy? For decades, Nigeria has maintained a fuel subsidy program that provides a …
Section 168 deduction
Individuals and businesses are often on the lookout for tax incentives that aid in reducing their tax liabilities. One such …
Why is there fuel subsidy in Nigeria?
Why is there fuel subsidy in Nigeria? Fuel subsidy has been used to keep the price of petroleum products such …
What is Special Depreciation Allowance (SDA)?
The special depreciation allowance (SDA), commonly referred to as bonus depreciation is a tax incentive that allows businesses to deduct …
Journalizing Adjusting Entries Examples and Types
Journalizing adjusting entries are a necessary part of every company’s accounting or bookkeeping process because, without these adjusting entries, a …
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What is a Liberal Economy? Meaning and Characteristics
Every country in existence today operates a particular type of economy ranging from liberal, coordinated, traditional, command, and socialist amongst …
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What is Accumulated Wealth? Accumulation Strategies
Accumulated wealth takes various forms for different people as the financial independence and freedom that is often associated with having …
What is Accumulated Wealth? Accumulation Strategies Read More »
Allowance for doubtful accounts adjusting entry
When companies make sales on credit, they usually record such sales in an asset account called the accounts receivable. This …
Disadvantages of the Digital Revolution
The disadvantages of the digital revolution include increased cyber threats and cybersecurity risks, information overload, misinformation, job displacement due to …
