INTRODUCTION Accounting aims to ascertain the financial performance of a firm. To do so the transactions have to be identified as capital or revenue in nature. This will determine whether they are placed in the Profit and Loss Account or the Balance Sheet. Let us study about … [Read more...] about CAPITAL AND REVENUE EXPENDITURE
DEPRECIATION OF ASSETS (DEFINITION AND METHODS WITH EXAMPLES)
MEANING OF DEPRECIATION Depreciation is the reduction in the value of assets due to wear and tear. It is a method of allocation of the cost of the asset over its useful life. Every asset is subject to wear and tear in the normal course of its use and also over time. The cost of … [Read more...] about DEPRECIATION OF ASSETS (DEFINITION AND METHODS WITH EXAMPLES)
TYPES OF CUSTOMERS IN BANK
Bank is an essential service sector organization. Customers play the most significant part in the bank. The customer is the one who uses the banking products and services and judges the quality of those products and services. A banking relationship is a contract between the Bank … [Read more...] about TYPES OF CUSTOMERS IN BANK
PRIORITY SECTOR LENDING (Targets & Classification 2024)
The concept of ‘Priority sector lending’ focuses on the idea of directing the lending of the banks toward a few specified sectors and activities in the economy. The term ‘priority sector’ indicates those activities which have national importance and have been assigned priority … [Read more...] about PRIORITY SECTOR LENDING (Targets & Classification 2024)
STARTUP INDIA SCHEME – AN EFFECTIVE INSTRUMENT FOR INDIA’S TRANSFORMATION
Startup India: Startup India is a flagship initiative of the Government of India, intended to build a strong ecosystem for nurturing innovation and Startups in the country that will drive sustainable economic growth and generate large-scale employment opportunities. A start-up … [Read more...] about STARTUP INDIA SCHEME – AN EFFECTIVE INSTRUMENT FOR INDIA’S TRANSFORMATION