Commerce Blogs
Commerce includes all the activities right from manufacturing the products to selling it to the consumers.
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.
Account Reconciliation is an accounting process used to ensure that transactions in a company's financial records .
Foreign investment refers to the investment made by the foreign individuals or corporations or government.
General insurance, also referred to as non-life insurance, is related to insurance of properties, assets, real estate, gazettes, automobiles etc.
Accounting can be defined as the creation of financial information.
Money laundering is the process of converting the illegally earned money into legal money
In IFRS 15 Revenue should be measured by the amount charged to the client for the sale of goods or services.
Prime Minister The head of the Executive is the Prime Minister of the Country, the energy …
The relationship between output and cost is expressed in terms of cost function. The companies use cost function to minimize cost and maximize production efficiently.
Asset reconstruction company is a specialised financial institution/ non-banking institution that are engaged in the business of purchasing ill assets/ non-performing assets of companies/banks.
The law states that as a consumer consumes more and more units of a specific commodity, the utility from the successive units goes on diminishing.
Cost analysis is concerned with determining the money value of input used for production which is called as overall cost of production.
The income elasticity is measures the sensitivity of quantity demanded for a goods or services to a change in consumer’s income
The Integrated Marketing Communication seeks to have all promotional and marketing activities of an organization together
Green bond is a debt instrument issued to raise money only for climate change and environment related projects.
Money laundering is the process of converting the illegally earned money into legal money
Case Law are the ones created through legislative bodies, including Congress, at each the federal and …