Dishonour Of A Cheque | Meaning, Reasons, Remarks
The bank should pay the amount mentioned on the cheque as soon as it is presented. If the amount of a cheque is paid by the …
The bank should pay the amount mentioned on the cheque as soon as it is presented. If the amount of a cheque is paid by the …
A provision is the sum of amount set aside by charging against the profit ans loss account. It is created for meeting a known loss …
Meaning Of Secret Reserve A reserve created with a view to strengthening the financial position of a business without explicitly showing its books of account …
The new government accounting system requires an operating level office to regularly report on expenditure to the concerned central level office. For this purpose, a …
Cash is the liquid form of asset, and thus it must be carefully managed, as there is always a change of its misappropriation. It is, …
The new government accounting system emphasizes that government transactions have to take place only through banks. In other words, all receipts and payments have to …
A business has to face several known and unknown contingencies and losses. There may be, for example, a decline in profits or occurring of losses, …
Concept Of Single Entry System There are different forms of business concerns. Some of these concerns are small traditionally run and legally not required to …
Concept of Non-Trading Concerns There are many concerns that have the main motto of rendering services instead of making profits. Such concerns are call non-trading …
A provision is the sum of the amount set aside by charging against the profit and loss account. It is created for meeting a known …