Most noteworthy benefits of tally

Tally is one of the most widely used professional accounting softwares in businesses. Due to its numerous use cases tally can be a complicated software. This is why in order to understand things like creating payment receipts or journal entries for tally practice exercises are quite common among accounting students because it does take quite … Read more

Why Are Banks Special

What is a Bank A bank is a financial institution that is permitted to accept deposits and make loans. Banks can also offer financial services like wealth management, currency exchange, and safe deposit boxes. Banks are classified into three types: retail banks, commercial or corporate banks, and investment banks. Banks are regulated by the national … Read more

What is a Balance Sheet?

Balance sheets serve as the foundation for calculating investor rates of return and assessing a company’s capital structure. A balance sheet is a financial statement that shows a company’s assets, liabilities, and shareholder equity. Balance sheets can be used with other important financial information to perform fundamental analysis or calculate financial ratios. How do Balance … Read more