by Phillip | Jul 9, 2017 | Accounting
The promissory note is a financial document where an issuer promises to pay a certain amount of money to a payee in written form under specific terms for a fixed period. Most of the industries use it predominantly to receive short-term funds for meeting their...
by Phillip | Jul 9, 2017 | Accounting
The international trade mainly uses the concept of bills of exchange. The person writes an order to his bank to allow the payee to receive a certain sum of money for a given period. Hence, there are three individuals involved in here. One is the drawer, second is the...
by Phillip | Jul 9, 2017 | Accounting
Cash book with discount and bank column is also known as the three column cash book. It is similar to that of the simple and double cash book. At first, there were two columns in the cash book, i.e. the cash column and discount column. It was known as double column...
by Phillip | Jul 9, 2017 | Accounting
It is a known fact that students who wish to establish themselves in the field of commerce and finance oriented jobs; they are needed to bear sound knowledge on the subject matters related to their course and beyond. Another important criterion to be recognized by...
by Phillip | Jul 9, 2017 | Accounting
Commerce students are widely aware of vital terms like assets, liabilities, bookkeeping, budgeting, capital investment, etc. Employers hunt for job seekers who bear a firm foundation on accounting and marketing terminologies. These help employees tackle problems in...
