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Profit Maximisation Decision Criterion
According to this approach, actions which increase profits must be undertaken and those that decrease profits are to be avoided. In specific operational terms, as appropriate to financial management, profit maximisation criterion implies that financing, investment and dividend policy decisions of a firm must be oriented to maximisation of profits.
Accounting Period - Accounting Principle Accounting period refers to span of time at the end of that and for which the financial statement are prepared to throw light on the r
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