Tag Archives | Banking Companies

How to Maintain Accounts of the Banking Companies?

The following article will guide you about how to maintain accounts of the banking companies.   In 1913, when a good number of industrial houses failed, a demand for the regulation of banking business in our country was raised. A scheme for the regulation of banking companies was recommended by the Central Banking Enquiry Committee which […]

Top 7 Accounting Policies for Banking Companies

The following points highlight the top seven accounting policies for banking companies. The policies are: 1. General 2. Transactions Involving Foreign Exchange 3. Investments 4. Advances 5. Fixed Assets 6. Staff Benefits 7. Net Profit. General: The accompanying financial statements have been prepared on the historical cost basis and conform to the statutory provisions and […]

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