A prelude to understanding of our multi-faceted industrial and related economic policies, a brief note on the Government’s present   ten  point  strategy is outlined below :

Horizontalization : The production base has to be horizontal, industries dispersed, employment generated and diffused and purchasing power widened as far as possible to effect market integration.
Structural Integration :  the [...]

Drawing, Acceptance and Payment of Bill: It is important to note that no distinction is made a bill of exchange and a promissory note for accounting purpose. In other words, the entries passed in both the cases are same. As has been discussed above, it is considered that when a party has given a bill [...]

The holder of the Bill of Exchange has following options to deal with the bill:
1. Retain the bill till the date of maturity;
2. Discount the bill with the bank;
3. Endorse the bill in favour of a creditor ; and
4. Send the bill for collection.
1. When the Bill is Retained Till the Date of Maturity
When the [...]

Whether you have one credit card or you have a hundred, if you’re not getting cash back on your credit card, you better start re-thinking on how you use your credit card. From gasoline rewards to airline expedition rewards, they seem to candidature them all. Credit cards bid an array of rewards. Every time you [...]

It would be a benefit decision for you to look into business credit cards if you work in a small in size business, or are a diminutive business owner. This article will attempt to shed some sub tile on the reasons you should consider applying for a fine business credit card, and the advantages there [...]

I would like to start this article by providing a range of definitions of terms used. If you are given a bad credit score, it can prove challenging to get credit. He will consequently give your application a credit score such as excellent, improvement or poor. Late or skipped payments and CCJs (County Court Judgements) [...]

When posed with the question on which credit card rewards you should pick, there really is no standard answer. In this article, let’s consider pointers for both:
Frequent Flyer Credit Card
When it comes to choosing a customary flyer credit card, one thing you’ll want to consider is your itinerant options. Therefore, whether you should get an [...]

By: Geoff Thomas
Until a recently, the typical offshore investor did not have access to the remuneration convenience and flexibility associated with a credit card–at least not from the standpoint of accessing and spending the funds he or she had safely placed offshore. If those individuals wanted to use offshore funds to make a purchasing when [...]

A promissory note , is a written  unconditional undertaking by the maker to pay the specified amount to the specified person or to his order to the bearer of the promissory note.
Features of a Promissory Note
1. A promissory note is an unconditional written undertaking to pay the specified amount.
2. It is drawn and signed by [...]

From accounting point of view, Bills of Exchange are of two types:
1. Trade Bill: Where a Bill of Exchange is drawn and accepted for a trade transaction, it is called ‘Trade Bill’.
2. Accommodation Bill: Where a Bill of Exchange is drawn and accepted for mutual help, it is called ‘Accommodation Bill’.
Advantages of Bills of Exchange: [...]

Meaning         
“A Bill of Exchange is an instrument in writing containing an unconditional order signed by the maker, directing a certain person to pay a certain sum  of money only to, or to the order of, a certain person or to the bearer of the instrument.”
                                               —- Section 5 of the Negotiable Instruments Act, 1881
It means [...]

A secret Reserve is a reserve the existence or the amount of which is not described  in the Balance Sheet. It is a surplus called a ‘Hidden Reserve’. It can be said that there is a great amount  of assets over liabilities and that the large amount is not shown by the Balance Sheet. Such reserves are [...]

The ratio used to measure the effectiveness of the employment of resources are termed as activity ratio, since these ratio relate to the use of assets for generation of income through turnover they are also know as turnover ratios, as we have seen already, the overall profitability of the business depends on two factors
1. the [...]

Nokia is going to launch new  E71. It’s a smart phone with full QWERTY keyboard. It experience its desktop while using email and a optical navigation key for quick and better scrolling. Device features 5 megapixel camera for better quality of photos and videos.  For  regular music buddies nokia gives a 3.5mm jack to connect [...]

Meaning of Reserves
Reserves are amounts set aside out of the  profits. It is  accumulated profits to make stronger the financial position of business. It is not a charge against profits. Reserves are not meant to cover any liability or depreciation in the value of assets. Examples are General Reserve, Reserve for Expansion, Reserve for Equalisation [...]