There are some conceptual issues that need to be understood in order to lay a solid foundation on how accounting works.

Trading Account help us to determine the gross profit or total loss of business concerns, created strictly from trading activities.

Amortization refers to the process of paying off debt through scheduled, predetermined installments, including principal and interest.

Accounting Principles are the general rules and guidelines that companies must follow when reporting all accounting and financial data.

The term “Debenture” comes from the Latin word “debere” which means “borrow”.

A ledger is created when there are multiple entries in different accounts.

Dividend are part of the profits and retained earnings that a company pays to its shareholders.

The Balance Sheet provides a statement of a company’s assets, liabilities, and shareholders’ equity at a particular point in time.

Short-term Investment Pool (STIP) is cash, an investment pool established by Regents in 1976.All university endowment groups

Mutual Funds are one of the most popular mutual options these days.

What is the constituents of financial market?
The financial service market mainly consist of money market and capital market.

What is financial services?
Financial services refers to the money related benefit or satisfaction derived from the services provided by financial service providers like Banks, Non- banking companies financial intermediaries, stock brokers, financial agents etc.

What is small finance bank?
Small finance bank is a niche banking system.

What is industry?
Industry refers to all economic activity that is concerned with primary, secondary and tertiary activities production of goods, extraction of minerals or the provision of services.

What is NBFC?
The non-banking financial companies (NBFCs) are those institutions which are non-banking in nature.

what is BOP?
The balance of payments (BoP) records the transactions in goods, services and assets between residents of a country with the rest of the world for a specified time period typically a year.

What is business?
Business is an economic activity of human beings performed for production and distribution of goods and services.

What is privatisation?
Privatisation refers to transfer of ownership, management and control of the public sector enterprise to the private sector.

What factors determine location of business?
Raw materials, labor, land, place etc. are some of the significant determinants of location of industry.

what is monetary policy?
Monetary policy refers to the actions undertaken by monetary authority of a country to control money supply and achieve sustainable growth.