What is Post Office ? The Post Office is present from more than 150 years playing a major role in communications and small deposits. It has overcome the barrier of communication all through the nation which has helped in the socio economic development of the country. Meaning of Post Office Saving Banks The government has made … Read more
What is Banking ? Banking institutions are a group of financial intermediaries which are engaged in the business of carrying out the banking activities after getting necessary approval from the Central Bank of the country, viz. Reserve Bank of India under the provisions of Banking Regulation Act, 1949. The word ‘bank’ has derived from German … Read more
What is Insurance Regulatory and Development Authority (IRDA) ? The government of India decided to open up the insurance sector to provide better coverage to the citizens. It was also important for boosting the flow of long-term funds. For this purpose, the government instituted the IRDA Act. It was enacted in 1999 for the purpose … Read more
What is Dematerialisation (DEMAT) ? Dematerialisation also known as “DEMAT”. It is the method by which the physical share certificates are converted into equal number of securities in an electronic form. This method is same like change paper money to an electronic bank account and is also very helpful for the investors. The process of changing … Read more
What is Forward Markets Commission (FMC) ? The provisions of the Forward Contracts (Regulation) Act, 1952 manages the Commodity Futures Market. The provisions of the Forward Contracts (Regulation) Act, 1952 framed Forward Markets Commission (FMC) in 1953 which is supervising the authority made for checking the working of the Commodity Futures Market. The Ministry of … Read more
What is Merchant Banking ? A merchant bank may be defined as a financial institution, which extends financial support to business organisations in the form of share ownership, in lieu of loans. It also offers advisory services to such organisations on corporate matters, in which it has an expertise. There is another class of banks … Read more
When you hear “capital expenditure,” it might sound like something only finance wizards or accountants need to worry about. But in reality, it’s a concept that plays a crucial role in how businesses grow and thrive—and it’s easier to understand than you might think. What is Capital Expenditure? Capital expenditure refers to the funds a … Read more
CONTENT : 1. Detail concept of capital account. 2. Fixed capital and Fluctuating capital Account Methods. 3. Know how to maintain capital accounts of partners. WHAT IS CAPITAL ACCOUNT ? DEFINITION : “Capital account can be regarded as one of the primary components of the balance of payments of a nation. It gives a summary of the … Read more
Contents – 1) Introduction, meaning and definition of depreciation 2) Need and causes of depreciation 3) Basic concepts to understood and calculated depreciation 4) Methods of depreciation 5) Fixed Installment Method Features, Merits and Demerits of Fixed Installment Method 6) Reducing Balance Method Features, Merits and Demerits of Reducing Balance Method 7) Difference between Fixed … Read more
WHAT IS FINAL ACCOUNT ? MEANING – Adjustments means additional information given along with trial balance, which are to be considered while preparing Final Accounts. Every adjustments has minimum two effects. Some adjustments are hidden/silent. These adjustments are given in trial balance only. Their effects are two e.g. Salary (11 months), Insurance (paid of up to……), … Read more