Trade barriers refer to the government policies and measures which obstruct the free flow of goods and services across national borders. Trade barriers are imposed on exports and imports. Trade barriers are man made obstacles…
A cooperative is a group people or business who equally share ownership and act together for the benefit of the whole. Cooperatives are often united by common beliefs or moral values. They can be one…
Take advantage of your mobile devices for running your small business. If you own a smartphone or tablet, know that these devices can readily help you with your accounting needs. Listed below are the best…
Before you pass your parcel over to any courier or removal firm you have to pack it. If you don’t pack it carefully it could be seriously damaged during transit, resulted in disappointment, expense and…
When a company makes public issue of shares for the first time, it is called Initial Public Offer. The securities are sold through the issue of prospectus to successful applicants on the basis of their…
Foreign Exchange rates are influenced by several factors in the international market. All tangible factors that is, those which represent quantifiable commercial and personal transactions are captured in the Balance of Payments Account and the…
Award ceremonies can be great for business. They provide you with the perfect opportunity to say thanks to the people who make your company what it is, your employees. It’s a brilliant way to bring…
Demand deposit account, denominated in domestic currency maintained by overseas banks with domestic banks are called as VOSTRO Accounts. VOSTRO Means “Your Account with Us”. Example: Any overseas bank like Bridge Bank has a INR…
Demand deposit account, denominated in foreign currency maintained by domestic banks with overseas banks are called as NOSTRO Accounts. NOSTRO Means “Our Account with You”. Example: Any domestic bank like Bank of India has a…
Saving money is tricky and a lot of us find it so difficult that we often wonder how come our salaries never seem to be enough. Most of the time, making the slightest change in…
The uncertainty of life necessitates the need for an insurance cover. Whether it’s your home, vehicle or health, damage to any one of these can incur huge financial loses. In such a case, an insurance…