The Reserve Bank of India is expanding reporting requirements for foreign exchange transactions. Starting February 10, 2025, authorized dealers must report all spot deals, including Cash and TOM transactions, to the Clearing Corporation of India’s trade repository. “To ensure completeness of transaction data in TR for all foreign exchange instruments, it has been decided to…
“Under the explanation to Section 25 of the Negotiable Instruments Act, 1881 (Central Act 26 of 1881) read with the Notification of the Government of India, Ministry of Home Affairs No. 20/25/56/Pub-1 dated 8th June 1957, the Government of Kerala are hereby pleased to declare that in addition to Sundays, expressly defined as Public Holidays…
A trial balance is a bookkeeping tool that lists all the balances in a business’s general ledger accounts at a given time. It’s a part of a financial statement prepared at the end of an accounting year to ensure the accuracy of bookkeeping system entries. Features of trial balance: As the trial balance definition suggests,…