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Understand Accounting Terms: Learn Easily by Akshay Rajgor is a collection of commonly encountered terms in accounting with a brief explanation of what those terms signify. The terms are alphabetically arranged and the book therefore can function as an accounting dictionary. For example, the term Sunk Cost is explained as: “A sunk cost or past cost is money that has already been spent and cannot be recovered. Sunk costs are also called retrospective costs.” And the term Cash Flow is given as “the difference in amount of cash available at the beginning of a period (opening balance) and the amount at the end of that period (closing balance). It is called positive if the closing balance is higher than the opening balance, otherwise called negative” - which can show how lucid the descriptions really are.
Understand Accounting Terms: Learn Easily by Akshay Rajgor can act as a nice and quick reference, in addition to helping one in learning the basics of this field. The explanation provided for each term is such that it can act as a self contained description and no other reference may normally be needed. This is thus an all purpose guide for those in the accounting field, a great help for professionals. By providing clear and concise descriptions and illustrating further with examples, the author has made learning and understanding the concepts presented an easy task, making the book a useful one for students.