Journal Voucher
A journal voucher is a document used to record accounting transactions in the general ledger. It is a written authorization to make a financial transaction, which is typically used to…
Inclusive Financing
Inclusive financing refers to financial services that are designed to serve low-income and marginalized individuals and communities who have limited access to traditional banking and financial services. Inclusive financing aims…
What is balance sheet? Why it is prepared. Describe in details the difficulties that arise while preparing balance sheet.
Balance sheet Balance sheet is a financial statement of assets and liabilities of a business firm on a particular period of time. It presents liabilities and assets…
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…