hebal's blog.......

Types of banking systems & their relative merits and demerits. All of us well realize to what extent banks are important in our lives. They serve the financial requirements of different categories of people in different fields like agriculture, business, and more. There are various types of Banking System Types of Banking System 1- Group Banking Banking system is designed to be used by groups rather than individuals. A common example is a company plan offered to employees. Group banking members may have access to lower interest rates, lower fees, discounts and other perks not available to regular account holders. Group banking can also provide a more personalized banking relationship for the members if the bank designates one representative, who is generally more knowledgeable about the group’s needs, as the point of contact for all the members of the group. 2- Chain Banking Chain banking is a situation in which three or more banks that are independently chartered are

  Golden rules of accounting preparation of journal A Project Paper Submitted in Partial Fulfilment for the Award of the +2 1 st year Commerce department         Submitted to:  Department of commerce Higher Secondary School, Semiliguda   Submitted by: Name:- ABHI BHOI Name of the Institute: Higher Secondary School , Semiliguda Paper On: Accountancy Roll No: IC21-141       Date of Submission:                                                        Signature   SEMILIGUDA J R COLLEGE, SEMILIGUDA Golden Rules of Accounting 1.      Debit the receiver, credit the giver. 2.      Debit what comes in, credit what goes out 3.      Debit all expenses and losses and credit all incomes and gains To understand these rules, we need to take them individually and in the proper context. Let’s first understand the role of accounting in a business, to which it applies, and find out the benefits of good accounting practices that follow these three gol