Chandigarh administration declared following days as Bank holidays in the Union territory of Chandigarh, for the year 2025 under the explanation of section 25 of NI Act 1881. List of Holidays: Date Day Occasion/Festival Date 06.01.2025 Monday GURU GOBINDJI BIRTHDAY 26.01.2025 Sunday REPUBLIC DAY 26.2.2025 Wednesday MAHA SHIVARATRI 14.03.2025 Friday HOLI 3103.2025 Monday ID-UL-FITR /RAMZAN…
Introduction Financial Management refers to the process of efficiently acquiring, utilizing, and distributing finances, followed by the disposal of surplus or profit, to ensure the smooth functioning of an organization. It involves determining the size and composition of fixed assets, the amount and structure of current assets, long-term and short-term financing needs, and maintaining an…
A firm is a for-profit business organization—such as a corporation, limited liability company (LLC), or partnership—that provides manufacturing, distribution, marketing, and professional services. Financial decisions are the decisions that business organizations need to make about finances. There are three basic types of financial decisions companies have to make regarding; * Investment, *Financing, and * Dividend.…
This post offers you holiday lists for the calendar year 2025 released by all the state Governments and administrations of Union territories of India under the explanation of section 25 of the Negotiable Instrument Act 1881 (NI Act). The holiday declared under the NI Act applies exclusively to the banks located within the administration area of…
Based on ownership and structure, we have different forms of business organisation like a proprietary concern, a partnership firm, or a corporate. Here are some common forms of business organizations: Partnership: A partnership business is a business structure where a formal agreement between two or more people who agree to be the co-owners and distribute…
Limited Liability Partnership (LLP) is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership. It shall be a registered body corporate and a legal entity separate from its partners. It will have perpetual succession. Unlike a “traditional partnership firm”, wherein every partner is…
The Internet and the World Wide Web have had a significant impact on the banking industry, shifting banking towards a more digital model. The World Wide Web (WWW) is a system of interconnected web pages that allow users to access information over the Internet. It is made up of public web pages that are linked…
Core Banking Solution (CBS) is the foundation of computerization in banking which is a software system that banks use to manage their primary operations. It’s a centralized system that allows customers to access their accounts and banking services from any branch of the bank, regardless of where they opened their account. Digital transformation has fundamentally…
There are many types of computer software available in the market. The list of software available in the market is exhaustive including Application software, Customer relationship management (CRM) software, Application software, Enterprise resource planning (ERP) software, Closed source software, Operating system, System software, Utility software, Malware, Firmware, Driver Software, Freeware, Shareware, Open source software, Recording…
Computers offer many advantages, such as increased productivity, efficient data management, and access to vast information. However, they also have disadvantages, including the risk of cyber-attacks, reduced physical activity, and potential over-reliance on technology, etc. Let us study here in detail. Advantages of Computerised accounting: Disadvantages: Related posts: WHAT IS THE MEANING OF COMPUTERIZED ACCOUNTING?…
