The balance sheet of a firm records the monetary value of the assets owned by that firm. It covers money and other valuables belonging to an individual or to a business. One can classify assets into two major asset classes: tangible assets and intangible assets.
Pay hikes to decline marginally in 2014: Deloitte. Slower economic growth will impact pay hikes in 2014-15 as Indian firms are expected to offer an average of 10.3% increase in salary, says the report.
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