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4 years ago

What is bookkeeping? What are the importance and advantage of preparing bookkeeping? Explain.

Bookkeeping  Bookkeeping is the activities concerned with the systematic recording of financial transaction made by a business firm on a day to day basis.  It allows a…

3 years ago

SWIFT

SWIFT (Society for Worldwide Interbank Financial Telecommunication) is a global messaging network that allows financial institutions to securely exchange electronic messages and financial transactions across borders. It was founded in…

3 years ago

Current Assets

In the context of banking, current assets refer to assets that are expected to be converted into cash within one year or one operating cycle of the bank, whichever is…

3 years ago

Explain the cause for differences between passbook and cash book? Suggest measures to solve it and also discuss the differences between passbook and cash book?

Cause of differences between passbook and cash book  Cheques issued but not yet presented for payment in the bank.  Cheques paid or deposited but not yet collected and…