Free notes, textbooks, and exam-focused resources designed for Indian banking professionals.
Following are Bank Holidays for the year 2025 in the Telangana State declared under the provisions of section 25 of NI Act 1884 Sr.No. Date Day Occasion/Festival 1 14.01.2025 Tuesday…
This article explains the meaning of Depreciation, Causes of Depreciation, Need for Depreciation, Factors of Depreciation, and revaluation of assets by Accounting Entries Depreciation is an accounting method that determines…
Before closing the ledger accounts, if the error is found you can rectify it without opening a suspense account. However, after closing the accounts, if the error is found you…
Assets or liabilities not included on a company’s balance sheet are known as off-balance sheet items. Off-balance-sheet items are contingent assets or liabilities such as unused commitments, letters of credit,…
The errors in accounting take place due to wrong posting of transactions, wrong totaling or wrong balancing of the accounts, wrong casting of the subsidiary books, or wrong recording of…
“Under the explanation to Section 25 of the Negotiable Instruments Act, 1881 (Central Act 26 of 1881) read with the Notification of the Government of India, Ministry of Home Affairs…
When the trial balance does not tally due to the one-sided errors in the books, an accountant puts the difference between the debit and credit side of the trial balance…
Errors in Trial Balance are mistakes made during the accounting process that cannot always be detected by the trial balance. A trial balance can disagree due to a number of…
“Under the explanation to Section 25 of the Negotiable Instruments Act, 1881 (Central Act 26 of 1881) read with the Notification of the Government of India, Ministry of Home Affairs…
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