The main difference between Single entry system and double entry system is based on the completeness of the book-keeping method. the single-entry system is an incomplete and unscientific system, whereas the Double entry system is a perfectly complete, and scientific system of book-keeping.
The main sources of funds for banks is deposits from the customers. Banks lend the money accepted from the public to the people who need by charging interest. Before knowing about the deposit accounts offered by banks, we have to know about different types of deposits, they are as follows: DEMAND DEPOSITS Demand Deposits are […]
Risk is considered as inevitable in the securities because there is possibility that realized returns of securities will be less than the returns expected. There are various factors that contribute to variations in expected returns, these forces are termed as elements of risk. The risk associated with the investments can be broadly divided into systematic […]
People invest their savings in securities to earn some money through interest and capital gains, but investments in financial markets are associated with many risks and the investor can lose his money very easily. Some people invest for earning interest and others are only interested in capital gains and price changes. In this article, we […]
GST (GOODS AND SERVICES TAX) GST is abbreviated as Goods and Services Tax. GST is all set to be implemented from July 1st of 2017 in world’s largest democratic country India. Narendra Modi led BJP Government is all set to launch GST to change the tax structure of the India and all the states in […]
Before knowing about TDS vs TCS, we must know that everyone of us Knowingly or unknowingly pays taxes to the government every day, Both Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) are part of the direct taxes and income taxes. Salaried employees are more familiar with TDS ,whereas TCS is more […]