“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
What are mutual funds? To acquire assets like stocks and bonds, an asset management company (AMC) aggregates money from various individuals and firms to establish a mutual fund. Fund managers are employed by the … READ FULL STORY
The stock market is known to be volatile, with a high level of volatility implying that there may be drastic upward and downward movement in the prices of stocks over a short period. Market … READ FULL STORY
With the introduction of the Unified Payment Interface (UPI), India has taken a significant step toward achieving a cashless economy. This new UPI payment model can use your smartphone as a virtual debit card. … READ FULL STORY
What is a trial balance? A trial balance has all the general ledger accounts contained in the ledger of a business. This listing will include the name and value of nominal ledger balances in … READ FULL STORY
A mutual fund is a form of financial vehicle that pools money from several individuals to invest in various securities such as money market instruments, stocks, bonds and other assets. Professional money managers run … READ FULL STORY
What is a lumpsum calculator? A lumpsum investment calculator assists investors in estimating the returns on a lumpsum investment. One simply has to enter the required information and the calculator will calculate an approximate … READ FULL STORY
Under the provisions of the EPFO, both, the employer and the employee make contributions to the latter’s PF account – 12% of the employee’s basic salary plus certain allowances. However, the responsibility to deposit … READ FULL STORY
Various types of individuals will get financial help under the Sevana Pension Scheme 2022, introduced by the Kerala government. The system provides pensions to agricultural employees, senior citizens, individuals with disabilities, unmarried women over … READ FULL STORY
Income tax e filing has become easy, with the Income Tax Department simplifying the process on its new tax portal. This guide will help you understand the process of e filing income tax in … READ FULL STORY
The Life Insurance Corporation of India, abbreviated as LIC, is one of the most renowned and longstanding life insurance firms in India. Since its inception in 1956, LIC has been offering insurance products to … READ FULL STORY
