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Capital is one of the assets of a business that can be used to generate income for the business. Capital includes all goods that are made or created by humans and used for producing goods or services.Capital is one of the basic factors of production along with land and labor.
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National Advisory Committee on Accounting Standards (NACAS) is a body set up under section 210A of the Companies Act, 1956 by the Government of India.
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Revenue :Total amount of cash generated by the sale of products or services associated with the company's primary operations,usually from the sale of goods and services to customers. Revenue is also referred to as sales or turnover. Some companies receive revenue from interest, royalties, or other fees.
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Adam Smith is regarded as the father of modern economics.
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