Razorpay

JUNE 5, 2023

What is Double Entry System of Accounting? The double-entry system is a method of bookkeeping that records financial transactions in two accounts. For every debit entry made to one account, there must be an equal and opposite credit entry made to another account. What is Single Entry System?

Accountant 52

Accountant Financial Transaction Financial Statement Business 52

Razorpay

JULY 11, 2023

What is a Current Account? A current account is a kind of deposit account for individuals and organizations that deal with a huge number of transactions. The scale of these transactions is too large for a regular savings account. Read more: What is a Current Account? What is RazorpayX?

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Accountant Bank Banking Business 40

Business Standard - FInance

MAY 31, 2023

Banks, foreign exchange dealers and other reporting entities have 'couple of days more' to report high-value transactions done by their clients in 2022-23 by filing SFT returns, the I-T department has said. The last date for filing statement of financial transactions (SFT) for 2022-23 fiscal was May 31.

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Financial Transaction Accountant Bank Banking 52

Wall Street Mojo

JANUARY 16, 2024

A reconciliation statement refers to the banking summary prepared by the banks to list down the bank’s account balances and compare the same with their internal records. read more to have parity in the books of accounts of both legal entities. It keeps accounts up to date and helps simplify accounting errors and theft.

Accountant 52

Accountant Bank Banking Financial Modeling 52

Razorpay

JUNE 8, 2023

Apart from being a safe place to keep money, banks also provide savings accounts that give the account owner interest on their deposit so that the money is not sitting idle. Businesses store money in checking accounts or current accounts. These are special accounts designed for the financial needs of a business.

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Razorpay

AUGUST 11, 2024

When a transaction is initiated, the network verifies the details. It facilitates the transfer of funds from one account to another, often in real time or within a few business days. When a user initiates a payment, the P2P network processes the transaction to debit the sender’s account and credit the recipient’s.

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IT Funds Bank Banking 40

The TRADE

APRIL 30, 2024

Over the past two decades, several critical financial market regulations have been implemented globally, particularly in response to the 2008 Global Financial Crisis (GFC). The years following 2008’s GFC experienced continued financial regulatory reform.

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