A book in which an account of bills of exchange and promissory notes, whether payable or receivable, is stated is known as bill book. There are two types of billbooks in accounting: A bill payable book is an accounting ledger that records and tracks a company’s outstanding bills and payment obligations. It helps businesses manage…
The Tamil Nadu government has announced a list of 23 days as public holidays in 2025 under the Negotiable Instruments Act, 1881, which will be applicable to State government offices, its undertakings, corporations, and boards, among others. List of Public Holidays 2025 Sr.No Date Day Occasion/Festival Date 1 01.01.2025 Wednesday NEW YEAR’s DAY 2 14.01.2025…
There are two different types of receipts that a business or a government generates during its financial activities. They are called capital receipts and revenue receipts. Capital receipts are funds that a company, organization, or government receives from non-operational sources, such as the sale of assets, borrowing, or equity investments. They are typically non-recurring transactions…
The Department of Investment and Public Asset Management (DIPAM) released new guidelines amending its earlier2016 rules to better reflect market realities. “These guidelines have been done keeping in mind the realities of the market and forward looking”, said the secretary of DIPAM. The new guidelines will be applicable from the current financial year ending March…
The Government of the National Capital Territory of Delhi has released the official list of public holidays for 2025. In a notification No.No.F.53/689/GAD/CN/2024-25/2065-2111 dated 13.11.2025 issued by the General Administration Department (Coordination Branch) on Tuesday, the L-G has declared the days as Bank holidays during 2025. Sr.No Date Day Occasion/Festival Date 1 26 January 2025…
The Government of Rajasthan in their Order No.16 (1).v.m./2024 dated 19.11.2024 declared bank Holidays under section 25 of NI act for the year 2025. The list of public holidays in Rajasthan in the year 2025 is as follows Sr.No Date Day Occasion/Festival Date 1 26.02.2025 Wednesday MAHASHIVRATRI 2 14.03.2025 Friday DHULANDI/HOLI 3 31.03.2025 Monday EID-UL-FITR…
Meaning of Expenditure and Expenses: Expenditure refers to the total amount spent to acquire goods or services, while expense refers to the cost of goods or services used to generate revenue. Expenditure is more of a general concept and includes all the outflow of money that comprises expenses and capital investment as well.1 day ago…
In pursuance of the explanation in section 25 of NI Act 1881, read with the Government of India, Ministry of Home Affairs, 39/1/68-Jud.III dated 8 May 1968, the Government of Gujarat, The Government of Gujarat vide notification No.GD/26/2024/JSR/2024/605/GH, announces the following days to be public holidays for banks in Gujarat during the year 2025. Date…
The Reserve Bank of India on Tuesday placed on its website that the deepfake videos of the Governor are being circulated on social media that claim the launch of or support for some investment schemes by the RBI. “These videos attempt to advise people to invest their money in such schemes, through the use of…
(This article explains various methods of Depreciation such as the Straight Line Method, Diminishing Balance or Written Down Value (WDV), Unit of production method, MACRS method, group depreciation method, etc. Advantages and Disadvantages of Straight Line Method, Advantages and Disadvantages of Written Down Value Method, Units of Production Method, Sum of the Years’ Digits Method,…