A contract of sale may be absolute or condtional .In an absolute contract for sale of goods ,there re no conditions to be fulfilled by the seller or the buyer for the sale and purchase of goods in a condtional...
Different modes of charging securities Bank tend to safeguard their advances by taking different kinds of securities .The main purpose of taking a security is to fall back on it in case the loan is...
Opening Account for Government and Public Bodies The central government transactions are government by the central government compilation of treasury rules and account codes.The state government transactions...
Partnership Firm Account Section 4 of the Indian partnership act 1932 defines a partnership as a relationship subsisting between persons who have agreed to share the profits of a business carried on by...
Hindu Undivided Family (HUF) In a HUF , the business is inheritable , where a Hindu dies leaving a business, it passes on to the legal heirs .If he leaves male children ,it descends to them and the property...
Role and Functions of Mutual Funds Mutual funds is a machinism for pooling resources fro m the public by issuing units to them and investing the funds ,so collected in securities in accordance with objectives...
Over the counter market Tailor â€“made derivatives not traded on a future exchange are traded on over the counter markets , also known as the...
Monetary Policy â€“ Monetary measures ralate to the control in the supply and circulation of money in the country . Bank rate Policy â€“ In case of inflation , the bank rate is increased ,...
Types of Money Commodity money â€“ Commodity money value is derived from the commodity out of which it is made. The commodity itself...
Here is a list of Committees and their main Focus Areas A C Shah Committee â€“ Non banking Financial Company A Ghosh Committee- Frauds & Malpractices in Banks Abid Hussain Committee â€“...
International Financial Institutions International Monetary Fund It is an organization of 187 countries , working to foster global monetary co-operation , secure financial stability , facilitate...
Commercial banks are the banking instituions that accept deposits and grant short term loans , and advances to their customers . In addition to giving short term loans , commercial banks also give medium...
One of the oldest form of indigenous financial institutions in India are chit chat fund also known as kuries . Such institutions have origin and are more popular in south asia . The word chit means a written...
OBJECTIVE QUESTION FOR ACCOUNTING AND FINANCIAL ANALYSIS I. Multiple Choice Question 1. The assumption that a business enterprise will not be sold or liquidate in the near future is known as the: (a)Economic...
Forfeiting Forfeiting is a form of financing of receivables in international trade. It is non-recource based means all risks and collection problems are fully the responsibility of the purchaser (forfaiter). Or...
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