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Accounting Information System (AIS)

Wall Street Mojo

What Is Accounting Information System? For example, AIS may be a very simple ledger for various accounting, costing, and financial reports like Statement of Profit and Loss, Balance Sheet, etc. Table of contents What Is Accounting Information 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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Current Accounts: Understanding and Maximising Business Banking

Razorpay

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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What is Payment Processing? How It Works and Its Advantages

Razorpay

Payment processing is the backbone of financial transactions in today’s digital world. From credit card payments to digital wallets, comprehending the intricacies of payment processing is vital in safeguarding financial interests and facilitating the smooth flow of commerce. Popular examples include Paytm and Google Pay.

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What is E-banking?

Razorpay

If you’ve ever transferred money online, changed your ATM Pin on an app, or gotten an email copy of your account statement, you’ve enjoyed the benefits of e-banking. E-banking/Electronic banking allows us to perform financial transactions and other operations online seamlessly. You swipe your card and ping!

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IFSC Codes: Meaning, Example and Facts

Razorpay

You must be familiar with the term ‘IFSC Code’ if you have transferred funds to another bank account. IFSC helps uniquely identify the bank and the branch where the beneficiary account is located. It ensures that the funds are transferred to the correct bank account and avoids any errors or delays in the process.

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What Is an Electronic Payment System & How Does It Work?

Razorpay

Instead, we have embraced the convenience and efficiency of electronic payment systems, or e-payment systems. In this comprehensive guide, we’ll delve into what an electronic payment system is, explore its various types, and uncover the inner workings that make it all possible. What is an Electronic Payment System?