What are the forms of business organisations in India?
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…
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What is a limited Liability Partnership?
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…
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Overview: Internet and World Wide Web – Influences on Banking
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…
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View : Computerisation – Scope and Experiences in Banking
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…
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Functions Performed by Computerised Accounting Software Available in the Market
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…
Advantages and Disadvantages of Computerised Accounting
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?…
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