Knowledge in Finance (Accounting etc)
Accounting
Ratio analysis
Srinidhi Sridharan
Commercial Banks
COMMERCIAL BANKSThe industrial sector is relatively more organized and less dependent on natural factors than agricultural sector. Hence, the commercial banks tended to concentrate more on industrial sector than agricultural sector. The Indian Central Banking Committee (1931), the Agricultural Finance Sub-committee (1945), the Rural Banking Enquiry Committee (1950), the All India Rural Credit survey committee (1951), the All India Rural Debt and Investment Survey (1961-62) and the Informal Group on Institutional Arrangements for Agricultural Credit (1964) - all these expert committees were of the opinion that co-operatives and not the commercial banks were the suitable credit agencies for agriculture.Financing agriculture by commercial banks was not significant until 1950. However, the Rural Banking Enquiry Committee (1950) recommended that banking facilities should be extended to rural areas. The commercial banks were reluctant to enter the field of agricultural finance as they felt that it would be risky and costly. The Imperial Bank of India was established in 1921 by the amalgamation of the Presidency Banks (Bank of Bengal, Bank of Bombay and Bank of Madras). Until the establishment of the Reserve Bank of India in 1935, the Imperial Bank of India was the sole banker to the government. As there was no branch for RBI, the Imperial Bank of India acted as an agent of the RBI for the purpose of transacting businesses of government.In 1955, the state Bank of India Act was passed and Imperial Bank India was named as the State Bank of India. In 1959, State Bank of India (Subsidiary Banks) Act was passed and seven Associate Banks or Subsidiary Banks of SBI were started functioning. They are:State Bank of MysoreState Bank of TravancoreState Bank of SowrashtraState Bank of Hydrabad.State Bank of Bikanir and Jaipur. State Bank of Patiala. State Bank of Indore.The role of commercial banks in rural credit was negligible until the sixties as is evident from the All India Debt and Investment survey Report, 1961-62 and 1971-72. They had shown little interest in direct financing of agriculture and had confined their financing activities to the movement of agricultural produces only.
Yimpangakum Imsong
Introduction to the economics of financial markets
The book is addressed to undergraduate students in the liberal arts, but will also be useful for undergraduate and beginning graduate students in programs of business administration.
What is Account ?
Definitions of AccountIn accounting, an account is a record in the general ledger that is used to sort and store transactions. For example, companies will have a Cash account in which to record every transaction that increases or decreases the company's cash. Another account, Sales, will collect all of the amounts from the sale of merchandise. Most accounting systems require that every transaction will affect two or more accounts. For example, a cash sale will increase the Cash account and will increase the Sales account.The term account is also used in transactions where suppliers sell goods to customers and grant credit terms such as net 10 days. In those situations, a supplier is selling goods on account and the customer has purchased goods on account. The supplier has also increased the balance in it's current asset account entitled Accounts Receivable and the customer will increase the balance in its current liability account entitled Accounts Payable.
shikha thakur
Accounting Basics
Introduction to Accounting BasicsThis explanation of accounting basics will introduce you to some basic accounting principles, accounting concepts, and accounting terminology. Once you become familiar with some of these terms and concepts, you will feel comfortable navigating through the explanations, quizzes, quick tests, and other features of AccountingCoach.com.Some of the basic accounting terms that you will learn include revenues, expenses, assets, liabilities, income statement, balance sheet, and statement of cash flows. You will become familiar with accounting debits and credits as we show you how to record transactions. You will also see why two basic accounting principles, the revenue recognition principle and the matching principle, assure that a company's income statement reports a company's profitability.In this explanation of accounting basics, and throughout all of the free materials and the PRO materials—we will often omit some accounting details and complexities in order to present clear and concise explanations. This means that you should always seek professional advice for your specific circumstances.
Financial accounting
It's the study material of Delhi bcom financial accounting
Bcom hons
Accounting notes
Sneha Garg
Nature of management accounting
Nature of management accounting . Its types and application .
Aptitude Mantra
2G Spectrum Scam
In this article, you can read about one of the biggest scams in telecommunication industry in India, i.e the 2G Spectrum Scam.
Hitesh Sondhi
Standard Costing In CMA Based on Finance
Standard Costing In Financial based topic with products in which the price may veries account request is verify the product create final amount requested to receive
Aman Tripathi
FA REVISION SHEET FOR ACCOUNT BY AMAN
Final Account sheet is the in which general and profit sheet is recorded after that the assets and liabilities sheet will make as this will match is balance sheet
Ledger Account Sheet By Aman
Ledger is that account in which whole expenditure is recorded for creating a balance sheet final for payment processing ledger can be created on the basics of profit loss , liabilities and assets