Problem before Starting New Business: Before the industrial revolution the goods were generally produced for local markets. It was, therefore, easy to establish and operate the business. The situation is now entirely hanged. The goods are produced by machines. The rate of production has gone up. There is tough competition for the sale of goods […]
Functions of Commercial bank
Functions of Commercial bank A bank is a financial institution which deals with the money and credit. It is organized on a joint stock company system primarily for the earning of profit. The main function of commercial bank is to accept deposits from individuals, firm and companies at lower rate of interest and gives […]
What is Audit Working Papers
Audit working papers /audit note book is the book which provide complete picture about the business matter. It is maintain by the audit clerk during the course of audit. Audit working papers are the property of the auditor. What is Audit Working Papers: The clerk comes across through serve difficulties which he has to discus with […]
What are the 3 Types of Audits
Types of Audits : There are many types of Audits but here we will discuss the basic three audit types are as follow: 1. Final Audit 2. Interim Audit 3. Continuous Audit Types of Audits methodology will discuss one by one. 1. Final Audit: It is a types of Audits also known as periodic audit or complete […]
