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Debits and credits in double-entry bookkeeping are entries made in account ledgers to record changes in value resulting from business transactions. A debit entry in an account represents a transfer of value to that account, and a credit entry represents a transfer from the account. [1] [2] Each transaction transfers value from credited accounts to debited accounts. For example, a tenant who ...
Cheque truncation ( check truncation in American English) is a cheque clearance system that involves the digitization of a physical paper cheque into a substitute electronic form for transmission to the paying bank. The process of cheque clearance, involving data matching and verification, is done using digital images instead of paper copies.
A bindi (from Sanskrit bindú meaning "point, drop, dot or small particle") is a coloured dot or, in modern times, a sticker worn on the center of the forehead, originally by Hindus, Jains and Buddhists from the Indian subcontinent.
Double-entry bookkeeping, also known as double-entry accounting, is a method of bookkeeping that relies on a two-sided accounting entry to maintain financial information. Every entry to an account requires a corresponding and opposite entry to a different account. The double-entry system has two equal and corresponding sides, known as debit and credit; this is based on the fundamental ...
A cheque ( British English) or check ( American English ); is a document that orders a bank, building society (or credit union) to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued. The person writing the cheque, known as the drawer, has a transaction banking account (often called a ...
Visa requirement policy for Indian citizen. A (regular or ordinary) Indian passportsince 2021. Visa requirements for Indian citizensare administrative entry restrictions by the authorities of other states placed on citizens of India. As of 2024, Indian citizens have visa-free or visa on arrival access to 62 countries and territories, ranking ...
Twitter is a popular social media platform that allows users to post and interact with short messages called tweets. Learn more about its history, features and impact on Wikipedia.
A suspense account is an account used temporarily to carry doubtful entries and discrepancies pending their analysis and permanent classification. It can be a repository for monetary transactions (cash receipts, cash disbursements and journal entries) entered with invalid account numbers. The account specified may not exist, or it may be ...