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Corporate Accounting: Meaning, Importance & Explanation

Razorpay

Corporate accounting is a special kind of accounting meant for businesses to record and monitor money movement. It deals with analyzing, classifying, collecting, and presenting a company’s financial data. What is Corporate Accounting?

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What are Corporate Accounts? Meaning, Benefits & Types

Razorpay

What is Corporate Account? A corporate account is a bank account one can open in the name of a business. It is used to facilitate transactions, receive income, and store funds. Read on to learn the vital details associated with a corporate bank account. Explore RazorpayX 2.

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What is Accounting?

Razorpay

What is Accounting? Accounting is the process of recording a business’s financial transactions. The objective of accounting is to prepare financial statements like the Balance Sheet, Cash Flow Statement and Income Statement which give detailed insights into the financial performance of a business.

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What is the Accounting Cycle?

Peak Frameworks

Welcome to a comprehensive exploration of the Accounting Cycle , a critical concept every finance professional should master. It is the backbone of financial record keeping, driving the operation of businesses worldwide. Double-Entry Accounting System Every financial transaction has two sides - a debit and a credit.

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Double Entry System of Accounting – Meaning & Benefits

Razorpay

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?

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Checking Account – Meaning & How Does it Work?

Razorpay

What is a Checking Account? A checking account is a type of bank account that allows you to deposit and withdraw money, write checks or use a debit card to make purchases or pay bills. Generally, account holders use these accounts on a short-term basis for paying daily expenses like food bills.

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Retail Banking vs Corporate Banking

Razorpay

Regular retail banks provide financial services to individuals but are not equipped to service businesses. Corporate banking provides businesses financial services like account holding, loans, capital, vendor management, and more. This creates the need for a branch of banking optimized for businesses: Corporate Banking.

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