A contingent liability may be defined as a possible obligation that arises from past events and depends on the outcome…
Reconciliation is a financial process that compares internal financial statements with external sources to identify discrepancies and maintain financial reliability.…
The Government of Himachal Pradesh order No.GAD-A (F)10-7/2023 dated 18.10.2024 declared the following days as Gazetted holidays for the year…
The back office in an organisation exists to finalise the transactions conducted by the front office. This includes confirming transactions…
Banks in different countries use different accounting principles and practices due to the legal requirements of their home country. These…
The general structure of the accounting system and financial statements for banks isn't that much different from a regular business.…
Accounting for bills of exchange starts when the drawer draws a bill and the drawee accepts it. The drawer receives…
West Bengal Government Holiday List 2025: The Government of West Bengal published a Holiday List under the NI Act for…
A Bill of exchange is a written, unconditional order by one party (the drawer) to another party (the drawee) to…
A credit instrument is a written document that serves as evidence of a debt, such as a bill of exchange…