This article throws light upon the three main types of cash book that can be maintained in a farm business. The types are: 1. Cash Book with Cash and Discount Columns 2. Cash Book with Cash and Bank Columns 3. A Cash Book with Bank and Discount Column 4. Petty Cash Book. 1. Cash Book with Cash and Discount Columns: [...]
After reading this article you will learn about maintaining accounts of your farm business. Book-Keeping: In agricultural business management the role of farm records. Book keeping, maintaining accounts and analysis of the records of the farm is of immense importance because business should reveal what the entrepreneur has incurred as cost, what return is he getting and how much profit [...]
After reading this article you will learn about the convertibility of capital account in India. In India the Capital Account Convertibility means "the freedom to convert the local financial assets into foreign financial assets and vice-versa at a market determined rate of exchange. It is associated with the changes of ownership in foreign/domestic financial assets and liabilities and embodies the [...]