-
Bank : Meaning, Evolution, Importance and Types
Meaning of Bank bank is a financial institution dealing with money or monetary transactions. It is a licensed and regulated institution involved in accepting the deposit, creating credit and performing other monetary transactions. Bank collect money from those having a surplus of it and lend the collected money to those who are in a deficit…
-
Accounting : Knowing Its Basics
Concept of Accounting Before understanding accounting, we must first know the concept of Book Keeping. Bookkeeping is the art and skill of recording transactions. It evolved as each and every transaction could not be memorized by an individual. It was just limited to record-keeping. Its concept got expanded to accounting with the development of the…
For Academic and Competitive Excellence