Schedule Bank: Meaning, Types & Benefits
What are Schedule Banks? There are many banks under the categorization of the Indian banking system such as…
What is CFD: Full Form, Meaning, and Definition Explained
What is CFD? CFD stands for Contract for Difference, which is a well known financial derivative that allows…
What is the Cascading Effect?: Meaning, Definition and Examples
Understanding Cascading Effect Cascading effect is a situation of taxation over taxes. The tax is imposed on every…
Scalar Chain: Meaning, Definition, Structure, and Benefits in Management
Understanding Scalar Chain Scalar Chain is a principle that emphasizes a clear and structured line of communication within…
Ledger Balance: Meaning, Calculation and Importance
What is Ledger Balance? A ledger balance refers to the total amount of money in a bank account…
What is a Cheque?: Definition, Meaning and Types
Understanding Cheque A cheque refers to a document that is used to make payments from one person’s bank…
E-Banking: Meaning, Types and Benefits
What is E-Banking? E-Banking, or Electronic Banking is a digital payment system that helps conduct banking functions like…
What is EFT? Full Form, Meaning, Types, and Benefits of EFT
EFT: Full Form and Meaning The full form of EFT is Electronic Funds Transfer. It is a method…
Service Charge: Meaning and Types
What is a Service Charge? Service charge refers to a fee added to the cost of a primary…
COGS: Cost of goods sold
What is Cost of Goods Sold? Cost of goods sold or COGS refers to the direct cost that…