Month: November 2021

Pre Contract Costs Ifrs 15

Pre-contract costs are expenses incurred by a business before the signing of a contract. These costs can include a variety of things such as legal fees, marketing expenses, and other costs associated with the negotiation process. In the world of accounting, pre-contract costs are essential to understanding the financial health of a business. In …

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What Was the Agreement When Hong Kong Was Handed Back to China

In 1997, Hong Kong was returned to Chinese sovereignty after over 150 years of British rule. This historic event was the culmination of years of negotiations and agreements between the United Kingdom and China, known as the Sino-British Joint Declaration. The Sino-British Joint Declaration was signed in 1984, and it outlined the terms for …

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