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This is the first part of this series of articles which contains fundamental ideas related to accounting. It also covers various types of accounts and how they are used in different industries. Therefore, this article is for all students who want to learn more about principles of accounting and how it is important for them in their future career path.Welcome to my blog on "Principles Of Accounting I Com Part 1 By Sohail Afzal Pdf 11" by Sohail Afzal. This blog post is written by one who has an experience in this field through his educational history at the MSc Financial Mathematics degree program at University College London (UCL). In this blog, I will try to explain the basics of accounting in a simple way. I will try to avoid mathematical terms and quantify concepts. This is so to ensure that everyone, even the beginners who have not studied logarithms to exponents in their high school physics class can understand these concepts. All examples and calculations are done using a Microsoft Excel Sheet which you can download from here: http://www.efefl.com/AFC1_CF_PRESS_SCHEME_EDITED. xls Disclaimer: This post and article is for educational purpose only. Any action taken on the basis of this article or against its author or the website owners will be treated as a criminal offence and legal advice should be sought from a qualified lawyer. Supposing Jack has £2000 in his bank. He must pay the £2000 to reimburse the bank for the loan. If Jack can borrow more money, he will do so at a lower interest rate than what he borrowed last month. But if he is given more money than he asked for, it will make him poorer. The stronger this demand for credit, the higher the interest rates on credit have to be. Here, interest rates are being used to describe how price varies with respect to any quantity of goods being traded. Let's say the interest rates on the loan are determined by competition between different financial institutions. If there are plenty of new banks ready to issue loans, interest rates will be low. Everyone will go to these new banks. They have no reason to go to traditional banks which have lower profit margins on lending, but only higher profit margins on savings products. To get more business, traditional banks will have to reduce their interest rate or offer better services. That is, they will have to improve the quality of their products or services in order to sell them at the same price as before they competed with the new entrants into the market. So if there is an increase in demand for credit (i.e. cfa1e77820
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