What is auditing? Auditing is the process of checking financial transactions, related documents, ledger, financial statement, and documents by employee of the company internally or chartered accountant (CA), and register auditor (RA)... Read more »
What is Trial Balance? In overall accounting process, trial balance sits right in the middle of book keeping and reporting as shown in the following figure. It works as bridge between input... Read more »
What is Profit & Loss Account? Profit and Loss Account (PL Account) is financial statement that presents the income and gain as well as the expenses and loss of an organization for... Read more »
What is Balance Sheet? Balance sheet is the financial statement that presents the capital, assets and liabilities of any organization of any point of time. Balance sheet shows the financial position of... Read more »
As per the Bank and Financial Institution Act BAFIA 2073, section ’30’, following are the functions duties and Rights of the Chief Executive. (1) The functions, duties and powers of the Chief... Read more »
Access Banking Notes – Banking Notes RBB IT level 5 model question – Old Questions Here is detailed article about loan classification and loan loss provision in Nepal. This article is updated... Read more »
Banking History in Nepal The banking system development in Nepal began late compared to other developed countries. The official banking system was started in 1933 BS (1877 AD) with the establishment of... Read more »
What is a Bank? A bank is an authorized financial institution which accepts deposits from public and provide loans. Two major functions of bank is accepting deposit and providing loans. A bank... Read more »
What is Cash Book? Cash book is the book of information prepared on the basis of financial transaction of cash inflow and cash outflow in given period of time. Cash book excludes... Read more »
What is Double Entry System? Double entry system is a system of book keeping which keep the financial transaction in debit and credit side. The double entry principle is first propounded by an... Read more »