Tax Audit Meaning :- As a taxpayer, it’s important to know what a tax check is and if it applies to you. Here’s a handy guide to help you with the term “audit”. Tax audits occur when the IRS reviews the information on your tax return to make sure that all reported data is correct. …
Tax Audit Meaning : Types and Limitations of Tax Audit Read More »
Banks and other monetary foundations who offer items and administrations to assist you with dealing with your cash. Do you have any idea how they work? If you have a checking account, bank account, master card, or credit, banks are vital to your monetary life. Banks and the administrations managing money are a significant piece …
Commercial Bank : Types and Function of Commercial Bank Read More »
What is collecting banker ? Banks were introduced to us much before. With time, many rules were made or changed. The value of banks has increased a lot. If we compare a bank from ancient times and one from the 21st century, we will find so many differences. Nowadays, banks provide so many policies to …
Collecting Banker and Value Banker : Roles and Duties Read More »
A cheque is a written document which orders a bank to give the written amount to the person whose name is written on the cheque. A cheque has different columns where various details are written. Earlier, people used to carry a lot of cash. This was risky as there were chances of robbery. Cheques made …
Cancelled Cheque with Examples ? | Cancelled Cheque Leaf Read More »
What is a capital reserve? When we establish a business or set up a company, everything is planned perfectly. We need to understand all the possible expenses and income sources. These things are always discussed deeply before starting any company. It doesn’t mean that you have to sit and make assumptions for future losses and …
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When you are starting a business or a company you need to be very selective. You have to decide what you are going to sell and how you are going to sell it. But, is that all required. No, there are many other things that you need to focus on. You must have a proper …
You must have heard about the single entry system and double entry system. In a single entry system, all the records are maintained separately. In this article, we have discussed the advantages and disadvantages / Limitations of single entry system. Simply we can say that for each and every expense, separate records are maintained. In …
Disadvantages / Limitations of Single Entry System Read More »
What are the Limitations of Financial Accounting ? Financial accounting is primarily concerned with the recording of day-to-day company activities and is thus historical in nature. It is nothing more than a post-mortem of previous occurrences. The profit and loss account, also known as the income statement, is created from the trial balance in order …
Cheques are used as a cashless method for transactions for many years. If you compare a cheque from ancient times with a cheque of the present time, you will notice many changes. Although today, we have many apps for digital transactions still people prefer cheques when the amount of transactions is high. Here, we are …
Demand draft When receiving and transferring funds from one customer’s account to another or from one bank account to another, most Indian banks rely on a variety of negotiable documents such as cheques and bills of exchange. An example of such an instrument is the Demand Draft, which is widely used in our country’s banking …