Journal entry of security deposit entry in tally Suppose a contract is signed for Taking a building on rent for Rs 30,000 per month and security deposits of Rs 100000 is paid. Under such condition, a journal entry will be pass in the books of accounts Here Security deposit account need to open which is…
Essential Banking Terms You Need to Know
Essential Banking Terms You Need to Know Standing Order:- A regular payment made out of a current account which is of a set account and is originated by the account holder. Account payee :- Also ‘account payee only’. Words written on the face of a cheque between two parallel lines. The purpose is to ensure…
what is capital Market and its instrument
what is capital Market and its instrument Capital market is the market for financial assets that have long indefinite maturity. capital market can be divided into two parts : one covering the market for corporate securities and the other covering the market for corporate securities and the other covering the market for gift edged securities…
What is Mutual Funds
What is Mutual Funds Mutual Funds collect the savings from small investors to invest them in government and other corporate securities and cash income through interest and dividends decides capital gains. It works on the principle of “small drops of water make a big ocean” to get funds from investors, the fund adopts a simple…
Collateral Loan Market
Collateral Loan Market Collateral loan market forms, by and large, the largest and the best developed section of the money market. In this market, loans are given against the security of government bonds, shares of first class companies, agriculture and manufactured commodities and bullion and jewelery. If the borrower stop making the promised loan payment…
what is Central Bank in India and its functions
what is Central Bank in India and its functions Financial institution responsible for issuing currency, managing foreign reserves,implementing monetary policy, and providing banking services to the government and commercial banks RBI is the central bank of India. Several attempts were made from time to time to set up a central bank in India prior to…
What are Foreign Exchange Reserves
Foreign Exchange Reserves:- Foreign-exchange reserves (also called forex reserves or FX reserves) in a strict sense are ‘only’ the foreign currency deposits and bonds held by central banks and monetary authorities. However, the term in popular usage commonly includes foreign exchange and gold, special drawing rights (SDRs), and International Monetary Fund (IMF) reserve positions. Crowding…
What are Fringe Benefit ?
What are Fringe Benefit ? Fringe Benefit:-A benefit in addition to salary offered to employees such as use of company’s car, house, lunch coupons, heath care subscriptions etc.or an extra benefits supplement an employee’s money wages or salary example company car,private healthcare etc. Another Definition of Fringe Benefits- A collection of certain benefits that are exempted from tax as long…
Foreign institutional Investors
Foreign institutional Investors Foreign institutional Investors are foreign based funds authorised by the capital Market Regulator to invest in the Indian Equity and debts market through stock exchange.
GST Multiple choice quiz with question and answers
GST Multiple choice quiz with question and answers 1.Coal comes under the rate structure 0% 5% 12% 18% 28% 2. which country is the first one to implement GST ? USA France Germany China Switzerland 3.. Which country has the second-highest GST rate of 27%? A.) Colombia B.) Brazil C.) Argentina D.) Chile 4. The…