Current Account- Meaning, Documents required, Benefits, Types etc

Current account is non personal bank account. It is a type of deposit bank account commonly used by companies, public enterprises, and businessmen. This account is normally associated with higher number of transactions with the bank. These transactions include deposits, withdrawals and transfer of funds from one account to another of the same bank or… Continue reading Current Account- Meaning, Documents required, Benefits, Types etc

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Applicability of Indian Accounting Standards (Ind AS)

About IND AS Indian Accounting Standards (IndAS) can be considered as guiding principle or standards for the International Financial Reporting Standards (IFRS) to ascertain that Indian Companies have same understandability and accessibility globally. For certain companies, the application of specified standards was made mandatory. The objective of IND AS is to ensure that the financial… Continue reading Applicability of Indian Accounting Standards (Ind AS)

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Accounts Payable Management – Meaning, Benefits etc

  Accounts payable management is one of the important business processes that help in managing payable obligations of the entity in the most effective manner. Accounts payable is the amount that the entity has to pay to its suppliers or vendors on the account of goods and services received. It means that after giving orders… Continue reading Accounts Payable Management – Meaning, Benefits etc

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Understanding The Balance Of Payments: Meaning, Classification etc

  Ever wondered as to how the recording is being done for the transactions that takes place in and around countries having a different system, currency, and economic status. In this article, we will discuss such recording.   Meaning The balance of payments or BOP is a statement or summary of all transactions that take… Continue reading Understanding The Balance Of Payments: Meaning, Classification etc

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TransUnion CIBIL – Know Your credit score better

Whether you are in business or into salaried employment, if you are thinking about getting a loan to finance your dream home, car or higher studies, one question will come across your way and that is what is your CIBIL score? Now, often people think the term is CIBIL SCORE, however, the actual term is… Continue reading TransUnion CIBIL – Know Your credit score better

Statutory Liquidity Ratio-SLR

RBI uses many monetary policies for controlling and stabilizing the economy and one among them is SLR. The primary goal of the RBI is to make sure that prices of commodities are maintained at an optimum level and to administer the supply and demand of money flow into the economy. It uses instruments like credit… Continue reading Statutory Liquidity Ratio-SLR

What is Demat Account, opening process, benefits,FAQ etc

As users, we often get confused between different types of account like a savings account, current account, demat account, capital account, personal account and many more. Due to a variety of accounts, it is difficult to be a aware user and citizen. To help you with this problem, we have covered demat account briefly in… Continue reading What is Demat Account, opening process, benefits,FAQ etc

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