Sundry Debtors and Creditors The word “sundry” refers to a revenue or expenditure that is either insignificant or occurs rarely and is not allocated to a particular ledger account because of its modest size or frequency of occurrence. When they are shown in financial statements, they are referred to as’miscellaneous income/expenses,’ and they are grouped …
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What To Know About Opening A Trading Account For Your First Stock Market Investments A trading account, like any brokerage account, is a holding account for securities, cash, and other items. A trading account allows an investor to buy and sell assets as often as they like within the same trading session…. It’s referred to …
Introduction to Contra Entry Before we define contra entry, let me state that this is something we deal with on a daily basis. Have you withdrawn cash from an ATM?? Have you visited your bank and made a cash deposit into your account? Have you made a money transfer from one bank account to another? …
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Are you the same as many small companies? You reckon for company assets which you can easily view, feel and touch. But what of the things of value which isn’t physical? Are you depreciating your business by overlooking your intangible assets? What are intangible assets? What Are Intangible Assets? An intangible asset is that which …
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What is Accounting ? Today In This Article We will Discuss about What is The Objectives For Accounting in Detail, Step in the Accounting Cycle and A company’s accounting system is the method by which the company records, organizes, and understands its financial information. It’s helpful to think of accounting as a large machine into …
Today in This Article We will Discuss about Core Competencies Meaning , Example of Core Competencies and Resume Of Core Competencies. Ace the Race of Corporate Space The corporate world is a human’s most testing arena of ethics, his abilities, and pragmatic understanding of the world. The corporate space is always a challenging boxing ring …
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What is Working Capital, and Why is it important? Working capital may be defined as the difference between a company’s current assets and current liabilities. It is a financial metric that determines whether or not a firm has sufficient liquid assets to pay its payments that are due within a year. When a firm …
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Get your all doubts solved regarding the cheque You must have heard about the term “Cheque”. It’s a very common term today. It is also one of the best ways when you have to do a transaction of larger amounts. A cheque is defined as a type of document which gives an order to a …
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Current assets are the assets of the company that represent all the assets of the company. These current assets are expected to be released or consumed within a financial year during the normal operations related to the business. All the details about current assets show on the balance sheet of the company. These current assets …
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What is Net Demand and Time Liabilities ? Demand and Time Liabilities (DTL) and Net Demand and Time Liabilities (NDTL) are two terms that often appear in discussions about the Reserve Bank of India’s monetary policy and market liquidity. Banks earn money by accepting deposits and lending those cash. Liabilities are the bank’s …
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