Accounts (Principles of Accounts)

How a Saving Bank Account is different from a Current Account? Explanation 1. Saving Bank Account: … Read More

What is a “Crossed Cheque”? Explanation A crossed cheque is a cheque that has been marked … Read More

Write full form of the following abbreviations: (a) OTP (b) PIN Explanation (a) OTP: One Time … Read More

The full form of NEFT is ____. (a) National Electronic Fund Transfer (b) National Electric Funds … Read More

A __ cheque can be negotiated or passed to another person by mere delivery. (a) post-dated … Read More

Discuss the various types of cheques which can be drawn from any bank. Answer Common types … Read More

What are the Limitations of ratio analysis Explanation  Limitations of ratio analysis (i.) Differences in accounting … Read More

(a) What is a Ledger (b) List out the uses of an invoice to the seller and … Read More

(a) Give reasons for including outstanding liabilities in the Balance Sheet (b) How do you record an income … Read More

(a) what are the sources of revenue to a federal government (b) What are the advantages … Read More