A technique of neutralising risk by taking a position in the derivatives market that is opposite to one’s position in the cash market, thereby reducing or limiting the effect of risk associated with unpredictable changes in price. What is a ‘Hedge’ A hedge is an investment to reduce the riskContinue Reading
Bitcoin It is an open source P2P digital currency, first described in 2009 by a pseudonymous developer (or developers) Satoshi Nakamoto. Bitcoin is a digital currency, a protocol and a software that enables instant peer to peer transactions, allowing worldwide payments at low or zero processing fees. Bitcoin is oneContinue Reading
1. What is TAN? TAN or Tax Deduction and Collection Account Number is a 10 digit alpha numeric number required to be obtained by all persons who are responsible for deducting or collecting tax. It is compulsory to quote TAN in TDS/TCS return (including any e-TDS/TCS return), any TDS/TCS paymentContinue Reading
Revenue expenditure: This is expenditure on recurring items, including the running of services and financing capital spending that is paid for by borrowing. This is meant for normal running of governments’ maintenance expenditures, interest payments, subsidies and transfers etc. It is current expenditure which does not result in the creationContinue Reading
Accountancy is the process of communicating financial information about a business entity to users such as shareholders and managers.[1] The communication is generally in the form of financial statements that show in money terms the economic resources under the control of management; the art lies in selecting the information thatContinue Reading
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