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Fortifying Utility and Bill Payments: Key Strategies to Prevent Fraud

Razorpay

In today’s digital landscape, the rise of online transactions has unfortunately been accompanied by an increase in fraudulent activities, particularly in sectors such as utilities and recharges. This involves collecting government-verified documents such as Aadhaar, PAN, or utility bills from customers to confirm their identities.

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Operating Lease Accounting

Wall Street Mojo

Operating Lease Accounting Definition Operating Lease Accounting refers to the accounting methodology used for leasing agreements where the lessor retains the ownership of the leased asset. At the same time, the lessee utilizes the asset for an agreed period, known as the lease term.

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Zero Balance Current Account: A Quick Explainer

Razorpay

Powerful current accounts always come with a caveat; a minimum balance requirement. Whether it is a few ten thousand or a few lakhs, most accounts are not zero balance current accounts. Would a zero balance current account really be so beneficial to businesses?

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Cost Accounting: Meaning, Types & Examples

Razorpay

What is Cost Accounting Cost accounting is a form of managerial accounting that analyses how much money is being used in production. The objective of cost accounting is to provide management with information that can be used for decision-making, cost control, and performance evaluation.

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What is Accounts Payable (AP)

Razorpay

Accounts Payable Meaning Accounts payables refer to the money that a business owes to its vendors in the short term. Accounts payables are listed on a business’s balance sheet as a short-term or current liability. Managing accounts payables is very important to the financial health of the business.

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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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Britain’s Thames Water gets creditor nod for $506 million reserve funds

Global Banking & Finance

million) of cash from its reserve accounts, providing a cash runway to February 2025. The proposal is part of a broader 3-billion-pound funding lifeline the indebted utility announced last month […]

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