Understanding Comments on Profit and Loss Account Items
Many methods and techniques are used in the analysis of financial statements including profit and loss accounts. They include (i).Trend analysis (Historical standard): A comparison is done of current performance with past figures of the firm. (ii). External Standards: Comparison is done between the two business concerns of the same size, which can also be…
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Uttar Pradesh State General Holidays 2025
The Government of Uttar Pradesh vide order No. 870/3-2024-39(2)/2016 dated 17.12.2025 declared following days as General Holidays for the year 2025 Sr.No Date Day Occasion/Festival Date 1 14.01.2025 Tuesday MD.HAZARAT ALI’S BIRTHDAY 2 26.01.2025 Sunday REPUBLIC DAY 3 26.02.2025 Wednesday MAHA SHIVRATRI 4 13.03.2025 Thursday HOLIKA DAHAN 5 14.03.2025 Friday HOLI 6 31.03.2025 Monday ID-UL-FITR…
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Disclosure Requirements of Banks to Notes to Accounts,
Financial statement disclosures are non-financial information that appears at the end of a financial statement. This information helps investors, lenders, and others make decisions. The Basel Framework’s Pillar 3 outlines a set of public disclosure requirements for internationally active banks. These requirements provide market participants with information to assess a bank’s capital adequacy and material…
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What are turnover ratios?
Turnover ratios can refer to the percentage of a portfolio’s equities that are replenished in a fiscal period, or the time it takes a business to sell goods it has acquired. There are several types of turnover ratios, including. The turnover ratios or inter-statement ratios represent the quantity of any assets or liabilities used by…
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‘Digital Arrest’ Scam: NPCI alerts UPI users
NPCI warns users about the rising ‘Digital Arrest’ scam targeting UPI users, in which scammers posing as officials use fear tactics to extract money or sensitive data. Be cautious if someone who claims to be from government agencies like the police, CBI, income tax officers, or customs agents, contacts you. The ‘Digital Arrest’ scam is…
Principal Books of Account maintained in banks
Books of Accounts include documents and books used in the preparation of financial statements. It includes journals, ledgers, cash book,s and subsidiary books. The principal book of accounts in a bank is the General Ledger (GL), which is also known as the book of final entry. Banks maintain a general ledger that summarizes all financial…
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