What is Double Entry System of Accounting? The double-entry system is a method of bookkeeping that records financial transactions in…
What is Cost Accounting Cost accounting is a form of managerial accounting that analyses how much money is being used…
Businesses have financial needs, too. They need to store money, avail loans and manage finances just like individuals. Regular retail banks…
Bank reconciliation refers to the process by which the bank account balance of a business entity is reconciled with the…
If you’re considering starting a business, one of the decisions you’ll need to make is the type of business structure…
Private banks have become more popular since the early 1990s when the Indian government implemented the liberalization, privatization, and globalization…
Remittance is derived from the word remit which means to send back. What is Remittance? Remittance is the transfer of…
While current accounts are the most popular option for most businesses, in certain industries Escrow accounts are an ideal fit…
The zero balance current account is a popular choice for SMEs. But does your business really need one? Read on to find out!
Foreign direct investment (FDI): An individual or a firm is located in a foreign country and decides to make an…