What is Commercial Banks: It is a financial institution that provides services for businesses, organizations and individuals. Services include offering current, deposit and saving accounts as well as giving out loans to businesses. Commercial banks are defined as a bank whose main business is deposit-taking and making loans. This […]
What is Central Bank Definition & Meaning
What is Central bank Central bank that provides financial and banking services for its country’s government and, as well as implementing the government’s monetary policy and issuing currency. Central Bank have a wide range of responsibilities, from overseeing monetary policy to implementing specific goals such as currency stability, low inflation and full employment. […]
Basic Principles of Accounting
Basic Principles of Accounting Basic Principles of Accounting and Concepts are a set of broad conventions that have been devised to provide a basic framework for financial reporting. As financial reporting involves significant professional judgments by accountants, these concepts and principles ensure that the users of financial information are not mislead by the adoption of accounting policies and […]