IFS code is among the important bank details that one may require, when carrying out financial transactions online. IFSC code refers to the Indian Financial System Code. The Reserve Bank of India (RBI) allocates … READ FULL STORY
What is simple interest? Simple interest is the interest rate at which you borrow or lend money. For example, if you deposit Rs 100 in a savings account that pays simple interest of 7% … READ FULL STORY
Businesses keep cash books to track cash and bank transactions. On the cashbook, the cash column shows cash available for the firm, whereas the bank column represents cash in the bank. Deposits get recorded … READ FULL STORY
When the government spends more than it earns, a fiscal deficit is caused. The government is required to borrow money in the form of Treasury Bills or through a debt financing programme, to meet … READ FULL STORY
Bajaj Finserv is one of the trusted NBFCs in the country. It provides a customer login portal to help customers manage loans and investments by visiting ‘Bajajfinserv.in’. One can access the online portal from … READ FULL STORY
Cost accounting is a management accounting technique that is used to determine the amount of money spent on a product’s production by a company. Cost accounting aims to capture all production costs, including variable … READ FULL STORY
Keeping a check on one’s bank balance is necessary, as it helps keep track of the spending and the health of one’s financial planning. Checking the bank balance also allows us to keep a … READ FULL STORY
What is a trading account? A trading account is an essential tool for investing money in the stock market. It contains securities, stocks or shares, or other significant holdings of liquid assets. It allows … READ FULL STORY
In the financial world, speculation refers to engaging in a financial transaction that involves a considerable risk of losing value while also anticipating the realisation of a significant gain or other significant value. Speculative … READ FULL STORY
What is a barter system? In trade, barter is an exchange, in which commodities or services are exchanged directly for other goods or services, without using a medium like money. Trade in most small-scale … READ FULL STORY
Ex gratia payment: What is it? An ex gratia payment is a way to settle claims by offering a one-off sum of money in insurance, employment, and the law. These payments are made out … READ FULL STORY
Investing is putting money into something that you believe will help you in the future. Making investments to generate returns allows you to increase the amount of money you’ve put into them. Inflation … READ FULL STORY
“Debit” is a term that refers to two different aspects. First, it is used as an accounting term related to the debit side of a financial transaction or balance sheet. For example, when you … READ FULL STORY
