Business

Bear A bear is a broker on the stock exchange who sells shares, stocks or other securities for future delivery anticipating a fall in price.…

Departmental Accounting refers to maintaining accounts for one or more branches or departments of the company. It is about the preparation of final accounts taking…

Barter Trade A barter system is an old method of exchange. Trade between persons, organizations or countries that occurred on the basis of exchange of…

Accounting Treatment of Goods in Transit Goods in transit refer to inventory items and other products that have been shipped by a seller but have…

Barratry Barratry refers to an attorney’s illegal instigation of lawsuits with no legitimate claim. It is a marine insurance term, which signifies an unlawful or…

Concept of Departmental Accounting Departmental Accounting refers to maintaining accounts for one or more branches or departments of the company. Modern life is very mechanical,…

A bankrupt is a debtor who is unable to pay his creditors in full. The definition of the bankrupt is having been legally determined to…

Accounting Procedure in Departmental Accounts Departmental Accounts are accounts relating to the several departments or sections of a busi­ness drawn up with a view to…

Bank Rate Bank rate is the rate charged by the central bank for lending funds to commercial banks. It is the rate of interest that…

Bank Draft A bank draft is a form 01 cheque or a bill of exchange drawn by one bank upon another directing to pay a…

Allocation of Expenses in Departmental Accounting Cost allocation is the process of identifying, aggregating and assigning costs to cost objects. Departmental Accounts are accounts relating…

Balance of Trade It is the difference- in money value between exports and imports of a country. It is the difference in value between a…