Tag Archives | Banking Companies

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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