Hire Purchase System
by Hire purchase is a method of financing of the fixed asset to be purchased on …
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Retirement and Death of partners
A partner may ascertain to either withdraw or retire from the enterprise due to certain …
Admission of partners
A business firm seeks new partners with business expansion being one of the driving motives. …
Partnership Accounts
Partnership Firm KYC Norms The Reserve Bank of India sets Know Your Customer (KYC) norms …
International Financial Reporting Standards (IFRS)
International Financial Reporting Standards, commonly called IFRS, are accounting standards issued by the IFRS Foundation …
Capital and Revenue Items
Expenditure means spending on something. This can be a payment is cash or can also …
Introduction to Financial Statements
Preparing general-purpose financial statements; including the balance sheet, income statement, statement of retained earnings, and …
Basel Norms
Basel is a city in Switzerland which is also the headquarters of Bureau of International …
Asset Liability Management in Commercial Banks
Asset/liability management is the process of managing the use of assets and cash flows to …
Bank Guarantees
A bank guarantee is a type of guarantee from a lending institution. The bank guarantee …