Free notes, textbooks, and exam-focused resources designed for Indian banking professionals.
A partnership firm is a business owned by two or more people who have agreed to share profits and act on behalf of the business. The people who own the…
The issue of shares refers to the process by which a company raises money by selling ownership stakes in the form of shares of stock to investors for a variety…
Companies are classified into different types based on the structure of the company such as sole proprietorships, partnerships, and corporations. The ownership of a company may belong to the government,…
Section 3 (1) (i) of the Companies Act, 1956 defines a company as “a company formed and registered under this Act or an existing company”. In common parlance, a company…
The government of Bihar on October 3rd, 2024, issued a notification regarding the Bihar Government Holiday List of 2025 under explanation to section 25 of the Negotiable Instrument Act 1881.…
The Andhra Pradesh State Government vide circular no. GO/Rt/No.2116 dated 6.12.2024 declared following General Holidays for the year 2025 under section 25 of Negotiable Instrument Act 1881. Following is the…
A trial balance is a preliminary step in preparing a balance sheet. It summarizes the general ledger account balances. The trial balance taken the first time is called an unadjusted…
[This post elucidates the eligibility status of Small Companies and the benefits given to small company promoters and directors.] The Companies Act, 2013 (‘Act’) introduced the concept of small companies…
A trial balance is an internal financial report that lists all the balances of general ledger accounts of an entity at a specific time. The items reflected in the trial…
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