Banking and Finance Blog
In this article we will provide information related to the Infosys share price history from 1993 to 2024. Infosys is a multinational information technology (IT) consulting and services company based in Bangalore, India. Infosys Limited, along with its related companies, offers consulting, technology, outsourcing, and modern digital services across North America, Europe, India, and worldwide. … Read more
If you are keen to know about the Reliance power share price history, this detailed article is just what you need. Reliance Power Limited is a company in India that makes electricity. They have different kinds of power plants that use coal, gas, water, wind, and sunlight to generate electricity. The company can make 416 … Read more
In this article we will provide the union bank unclaimed deposits list. In the ever-evolving landscape of banking, where financial transactions are conducted at the speed of a click, it’s not uncommon for certain accounts to fade into the background. These dormant or forgotten deposits, often categorized as unclaimed, find a spotlight in the systematic … Read more
In this article we will provide the information related to the Canara Bank Unclaimed Deposits List and understand the process of reclaiming these forgotten financial assets. In the vast landscape of banking, dormant accounts often hold a treasure trove of unclaimed deposits waiting to be rediscovered. Canara Bank, a prominent player in India’s banking sector, … Read more
Bank of Baroda Unclaimed Deposits List is a comprehensive compilation of dormant or unclaimed deposits held by Bank of Baroda, one of the leading banks in India. This detailed list plays a crucial role in the bank’s efforts to manage inactive accounts and ensure that the rightful owners of unclaimed deposits are identified and reunited … Read more
In this article we will provide the information about Journal Entries for TDS. Tax Deducted at Source, is a crucial concept in taxation. When tax is deducted from an individual’s income and deposited into the Government’s account, accounting entries are necessary. Let’s illustrate this with an example involving ABC Company and Mr. N Person in the … Read more
“Understanding depreciation in accounting becomes easier when you explore practical journal entry examples. Depreciation represents the reduction in the value of a fixed asset over time. The fundamental journal entry for depreciation involves debiting the Depreciation Account and crediting the specific Fixed Asset Account. Here are various journal entry examples illustrating different scenarios related … Read more
Prepaid expenses refer to payments made in advance for services not yet received from the service provider. For instance, imagine you’ve paid one month’s rent in advance for your business shop, but you haven’t used the space for the full 30 days. This upfront payment is considered a prepaid expense. Properly recording prepaid expenses is … Read more
In this article we will provide the information related to the Journal Entries for Outstanding Expenses. The journal entries for outstanding expenses remain consistent with those explained for accrued expenses. The distinction primarily lies in the nomenclature, with Indian accountants referring to them as outstanding expenses, while the term accrued expenses is more prevalent in … Read more
In this article we will provide the information related to the Journal Entries for Bad Debts. Bad debts refer to money that we are unable to collect from debtors. Sometimes, companies extend credit to our debtors by providing them with goods or money. These debtors are supposed to repay the amount they owe, but when … Read more