Types of Finance

Finance is defined as the provision of money at time when it is required. Finance plays a very important role for the successful of our business. Business is either big or small needs finance. As blood is necessary for the human being similarly finance is required for every business to run in successful way. Financial management is an area of financial decision making, harmonized individual motives and entrepreneurial goals.

SBI-State Bank of Indore merger

 At the time of merger, between the two banks like state bank of India and state bank of Indore then it is approved by the government on Thursday.  “The board of directors of State Bank of Indore has also passed a special resolution recommending the merger or acquisition of State Bank of Indore with or by State Bank of India,” SBI holds 98 per cent stake holder in State Bank of Indore, which has 503 branches.

 

Duties of an auditor

Audit means check of the accounts at the end of the year after preparation of accountancy. An auditor must have knowledge of accounting. When any person goes in company for auditing then they must have a technical knowledge of audit. An audit is just like a watchdog of the company. As dog always think about the owner of the house as it the same way auditor always think about the owner of the company.

Auditor is Watchdog, not a Blood Hound

The word Audit is derived from the Latin word ‘Audire’ which means to hear. When any person starts the business then various transactions which are related to cash and bank arises in the business. At the time of making the accountancy then auditing is appointed to check the accounts. It is the responsibility to find true and fair value of the business.

Small Business as a Bed of Entrepreneurship

Till now, Indian population is increasing day by day then growing market day by day. When size of market is increasing day by day then along with growing economic problems in the economy. With the development of the industrial sector it is very helpful for the economic development of the country.

Definition of Auditing

Audit means check of the accounts at the end of the year after preparation of accountancy. An auditor must have knowledge of accounting. When any person goes in company for auditing then they must have a technical knowledge of audit. An audit is just like a watchdog of the company. As dog always think about the owner of the house as it the same way auditor always think about the owner of the company.

Why double entry shown in final account

The trading and profit & loss account and balance sheet prepared at the end of a year is known as Final accounts. While preparing the final accounts, there may be some items which are incurred in advance and some are outstanding. These items are to be adjusted in the final accounts for calculating the correct profit or loss of the business.

The main purpose of financial accounting is to prepare financial report that to find the true position of the company.

Final account V/S Final Account with Adjustment

The trading and profit & loss account and balance sheet prepared at the end of a year is known as Final accounts. While preparing the final accounts, there may be some items which are incurred in advance and some are outstanding. These items are to be adjusted in the final accounts for calculating the correct profit or loss of the business.

Accounts Payable v/s Accrued Expenses

It is the basic of the accounts. It is very necessary for the commerce people to know about the Accounts Payable v/s Accrued Expense. At the making the profit and loss account and balance sheet it is very necessary knowledge about the account payable and accrued expenses.

Mercedes launches new c- class , Price in India

Mercedes-Benz's launched a new car c-class in New Delhi on Thursday.  This car is launched by Debasis Mitra. It is the advance version of its flagship sedan c-class in India. Company also decide to launch a more product in the coming next two months in India.

Duties & Liabilities of Statutory Auditor

The directors of company have to forward a report to each member at least 21 days before the day in which the statutory meeting is to be held, is called the Statutory Report. It is an audit by qualified persons which are a compulsory requirement under law. It shows a true and fare view of state of affairs for a particular period.

35 Indian listed in Top 200 companies in the world

we know india is the fatest growing country in the world. it gains a tremendous amount of development in small interval of time. this article will show the economic development of india. They have more technical knowledge so that 35 Indian listed in Top 200 companies in the world.