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When a cheque is received from a creditor and deposited into the bank on the same day, the transaction will be recorded in the bank column of the cashbook. This is because the amount of the cheque will increase the bank balance of the business. The cash column of the cashbook is used to record cash transactions, whereas the bank column is specifically used to record transactions related to the bank account, including deposits and withdrawals.
At the end of the accounting year the capital expenditures are shown in the:
What type of banking transaction allows customers to earn interest on their deposited funds and provides easy access to their money for daily expenses?
As per the GFR rule applicable for GeM direct buying can be adopted for purchase orders in the range: -
What method is used to calculate the Sensex and Nifty indices in India?
Financial statements of a company should be prepared as per ________ and they should give true and fair view.
Which of the below import duties would be imposed?
Which among the following ratios will be affected because of salaries paid in cash as advance salary?
Following data has been extracted from the records of BCG Ltd. Machine hours: 8,00,000 (Maximum), 3,00,000 (Minimum). Manufacturing Overheads (₹ in la...
Consolidated Financial statements are covered under which of the following accounting standards?
In the context of ICDS V, which category of assets does this standard specifically address?
