Table of Contents1 What is Journal?2 Functions of journal3 Rules of Debit and Credit3.1 Personal accounts3.1.1 Natural personal accounts3.1.2 Artificial personal accounts3.1.3 Representative personal accounts3.2
Table of Contents1 What is Double Entry System?1.1 Meaning of Debit and Credit2 Double Entry System3 History of Double Entry System4 Features of Double Entry
The fundamental ideas or basic concepts of accounting underlying the theory and practice of financial accounting and broad working rules for all accounting activities, developed
Every subject has got its own terminology. Accounting, as a subject has got its own terms. These terms have their spe Table of Contents1 Business
Digital banking is the incorporation of new and developing technologies throughout a financial services entity, in concert with associated changes in internal and external corporate and personnel relationships, to provide enhanced customer services and experiences effectively and efficiently
On-banking financial institutions (NBFIs) also mobilize financial resources directly or indirectly from people. They lend funds but do not create credit. Companies such as LIC, GIC, UTI, Development Financial Institutions, Organization of Pension and Provident Funds fall into this category.
A financial system is a network of financial institutions, financial markets, financial instruments and financial services to facilitate the transfer of funds. The system consists of savers, intermediaries, instruments and the ultimate user of funds. The level of economic growth largely depends upon and is facilitated by the state of financial system prevailing in the economy.
Table of Contents1 What is Income Tax?2 Features of Income Tax3 Scope of Income Tax Act4 Objectives of Income Tax5 Important Definitions in Income Tax
Management accounting is the accounting system for making decisions of the business enterprise. Management accounting furnishes the necessary information to assist the business enterprise to make rational decisions through the development of policies and procedures in order to meet the day to day commitments of the enterprise.
Budgetary control is the planning in advance of the various functions of a business so that the business as a whole can be controlled.