Trade Discount is also called as a strategy used by the sellers to promote sales of goods. Cash Discount is a strategy used by the sellers to encourage early cash payments from buyers….
In Cash Basis Accounting, Revenue is recorded only after payment received and expenses are recorded when payments are made. In Accrual Basis Accounting, Revenue is recorded when earned irrespective of the cash received
`The main aim of bookkeeping is to maintain systematic records of the business transactions. The main aim of accounting is to analyze and interpret the recorded transactions.
‘Accepting the deposits of money from the public which are repayable on demand for the purpose of lending or investment of the money acquired from the public in the form of deposits’.
Money Market is the place where lending and borrowing of short-term funds takes place. Capital Market is the place where lending and borrowing of medium-term and long-term funds take place.
NEFT is a facility which transfers money through online in a deferred payment basis. RTGS is a facility which transfers money through online in a real time basis. IMPS is a facility which transfers money through online in an immediate basis.
The Fixed Deposit is a method of investment where the amount is deposited into an account at the time of opening of the fixed deposit account. The Recurring Deposit is a method of investment where a fixed amounts of installments are deposited at regular intervals of time into RD account.
Bank Rate is the rate at which the central bank lends money for long-term purposes to the banks in the country. Repo Rate is the rate at which the central bank lends money for short-term purposes to the banks in the country.
Repo Rate is the rate at which the central bank lends money for short-term purposes to the banks in the country. Reverse Repo Rate is the rate at which the central bank borrows money from the banks in the country.
Operating Leverage is helpful in measuring the business risk of the firm. Financial Leverage is helpful in measuring the financial risk of the firm…..