Bank Reconciliation Statement is a statement prepared to reconcile the balances of cash book maintained by the concern and pass book maintained by the...
What is Profit and Loss Appropriation Account?
In case of a sole proprietorship, there is a single owner and any addition in the capital in form of...
What is Difference Between Reserves and Provisions
Reserves and provisions are somewhat alike but are created for different reasons and under distinct circumstances. Both are...
Accounting and Finance for Banking Study Notes
Types of Account: An accountant records a transaction in his book of accounts, first he must understand which...
How to Calculate PVIF and PVIFA
Calculate PVIF- Present Value of Interest Factor & PVIFA- Present Value of Interest Factor of Annuity using Simple Calculator....