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?…
The holiday declared under the NI Act applies exclusively to the banks located within the administration area of specific State and Union Territories. In other States and Union territories where it is not a holiday, banks remain open and allow normal banking transactions like other working days.Find the holidays for 2025 in the under-mentioned states…
GOVERNMENT OF PUNJAB, DEPARTMENT OF PERSONNEL,(PERSONNEL POLICIES-III BRANCH) vide notification No.06/01/2024-2PP3/677 dated 11.12.2024 declared that the following days shall be observed as Holidays under Section 25 of the Negotiable Instrument Act, 1881 (Central Act XXVI of 1881)in the State of Punjab during the year 2025:- The list of holidays Date Day Occasion/Festival Date 26.01.2025 Sunday…
Human Resources Department, Government of Haryana in its order No.28/67/2008-1HR-I dated 26.12.2024 has released the Holiday Calendar for the Year 2024. The letter conveyed that the holidays enumerated in the schedule below shall be observed as public holidays under the explanation of section 25 of the Negotiable Instruments Act 1881 List of holidays Date Day…
The financial position of commercial banks in India has stayed robust, marked by the sustained expansion in loans and deposits, while their gross bad loan ratio has dropped to multi-year lows, a central bank report showed on Thursday (26.12.2024). Banks have also cleaned up their balance sheets in recent years by selling bad loans to…
