What is Computerised Accounting? | Definition, Working, Advantages and Disadvantages

 Computerised accounting is the new age method of gathering, recording and maintaining the financial information of a business or an organisation. This system made its entry in the world of accounting following the advent of computers in the 1980s. With its arrival, computing and maintaining financial information became a child’s …

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What Is a Merchant Bank? | Definition, Working and Types

What is Merchant Bank Merchant banks are financial institutions and companies that deal with international finance for multinational corporations, high-net-worth individuals (HWNIs) by providing legal financial advice, loan services, fundraising services, and investing equity capital. Generally, banks provide services like checking accounts, investments, bill payments, etc. These banks are more …

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What is Public Sector Bank? | Definition, Working, Advantages and Disadvantages

Banks are the most important financial institutions in the world. Thanks to the banking system, all financial transactions possible without much hassle. People can save their money in banks, take loans, and transfer funds easily through bank accounts. However, all banks are not the same. According to their stakeholders, banks …

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