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Single Entry System of Accounting

Razorpay

Accounting is the process of recording all financial transactions of a business over its lifetime. There are two major kinds of accounting. In this blog, we will discuss the single entry system of accounting. The single-entry method is the foundation of cash-basis accounting. Heres an example.

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The Role of Professional Advisors: Accountants, Lawyers, and Brokers in Guiding Financial Choices for Buyers and Sellers

Sun Acquisitions

Financial transactions, whether buying a business , selling a property, or investing in a venture, can be complex and riddled with potential pitfalls. In these intricate financial landscapes, professional guidance becomes invaluable. Valuation: Accountants help sellers determine the fair market value of their assets.

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Statement of Cash Flow

Wall Street Mojo

Statement of Cash Flows Definition A Statement of Cash Flow is an accounting document that tracks the incoming and outgoing cash and cash equivalents from a business. It helps identify the availability of liquid funds with the organization in a particular accounting period.

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Mastering Purpose Codes with Razorpay: Streamlining International Payments

Razorpay

Trade in Services Transactions involving providing or receiving services across borders necessitate a purpose code for classification. This classification is pivotal for monitoring service flow and analyzing economic trends. This is essential for monitoring remittance flow and assessing its economic ramifications.

S&P 52
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Guide to Payment Methods, How to Accept with Pros and Cons

Razorpay

Payment methods can take various forms, from traditional cash transactions to the latest digital innovations. In today’s fast-paced world, they are indispensable for enabling economic activities across various business types, including e-commerce, brick-and-mortar stores, and more. There is a risk of forgetting or overdrafting.

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From GFF 23 to GFF 24: A Glimpse into the Evolving Fintech Landscape

Razorpay

Features such as user onboarding, balance inquiries, financial transactions, and complaint resolution can all be managed through voice commands. In order to initiate a transaction, the user needs to locate the ‘Tap & Pay’ option within their UPI app, and tap the device on the UPI Smart Tag or UPI Smart QR code.

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Unpacking the 20 most impact financial regulations from the last 20 years

The TRADE

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.