Understanding Imprest Imprest refers to a financial system that a company uses to manage small, frequent expenses within…

What is Authorised Capital? Authorised capital refers to the maximum amount of shares that a company is legally…

What are Schedule Banks? There are many banks under the categorization of the Indian banking system such as…

What is CFD? CFD stands for Contract for Difference, which is a well known financial derivative that allows…

Understanding Cascading Effect Cascading effect is a situation of taxation over taxes. The tax is imposed on every…

Understanding Scalar Chain Scalar Chain is a principle that emphasizes a clear and structured line of communication within…

What is Ledger Balance? A ledger balance refers to the total amount of money in a bank account…

Understanding Cheque A cheque refers to a document that is used to make payments from one person’s bank…

What is E-Banking? E-Banking, or Electronic Banking is a digital payment system that helps conduct banking functions like…

EFT: Full Form and Meaning  The full form of EFT is Electronic Funds Transfer. It is a method…