Commerce Blogs
Commerce includes all the activities right from manufacturing the products to selling it to the consumers.
Bank rate is the rate at which the central bank of a country lends money to commercial banks.
The variable cash reserve ratio is one of the techniques/tools of the credit control policy of the central bank of a country.
IPO stands for Initial public offerings. Initial public offerings refers to a method of offering public issues.
The electoral bonds were introduced with the Finance Bill (2017).
Bills of Exchange is a negotiable instrument.
Co-operative banks are financial institutions established on a co-operative basis.
Money market mutual funds (MMMFs) is a scheme of mutual funds. It was introduced with the objective to provide short term investment avenues to potential investors.
Job Costing is a method of costing using continuously identifiable units, applicable materials that directly drive the production process.
Cost analysis is concerned with determining the money value of input used for production which is called as overall cost of production.
A financial market is a place of business in which various types of bonds and securities are traded.
The income elasticity is measures the sensitivity of quantity demanded for a goods or services to a change in consumer’s income
Job Costing is a method of costing using continuously identifiable units, applicable materials that directly drive the production process.
It accepts demand deposits under current deposits, and savings bank deposits from individuals, small businesses and other entities. It issues ATM / Debit Cards. Payments banks, however, cannot issue credit cards. It makes payments and remittance services through various channels including branches, Automated Teller Machines (ATMs), Business Correspondents (BCs) and mobile banking. It also provides internet banking services to the users. It accepts remittances to be sent to or receive remittances from multiple banks under a payment mechanism approved by RBI, such as RTGS / NEFT / IMPS. It undertakes other non-risk sharing simple financial services activities, not requiring any commitment of its own funds, such as distribution of mutual fund units, insurance products, pension products, etc. with the prior approval of the RBI and after complying with the requirements of the sectoral regulator for such products.
In IFRS 15 Revenue should be measured by the amount charged to the client for the sale of goods or services.
What is NBFC? The non-banking financial companies (NBFCs) are those institutions which are non-banking in nature.
Accounting can be defined as the creation of financial information.
G-sec refers to government security. The Central Government or the State Governments issues G-sec and are tradable for a short period and long period.