Dutable

If you’re reading this, then you probably want to know how to submit a guest post to our blog. Well, you’ve come to the right place! Just keep reading for all the details. We love receiving guest posts from talented writers out there. If you have a great idea for a post, we’d be more … Read more

Uganda is the hidden Pearl of Africa, it is located in the heart of East Africa neighboring countries like Kenya, Rwanda, and Tanzania. Uganda is probably the least well-known East African country but it has lots of fun, adventurous things that can make anyone’s stay truly unforgettable. One thing that stands out to me every … Read more

Kratom is a Southeast Asian herb used to deal with stress and tension, improve attention, improve mood, and aid relaxation. Kratom comes in four colors: red, green, white, and yellow, each with its benefits. Kratom plants are dried and ground into a powder to manufacture tea or pills. Although inhabitants of Southeast Asia chew on … Read more

Kratom has become a global household name, and users consume the compound daily. However, the compound is versatile and can spice up a house party by incorporating it into various products. Seasoned Kratom users recommend using Elephant Kratom as a way to add an exciting beverage or edible to a regular party. The effects and … Read more

What is Surge Current? According to Chegg (n.d), surge currents, inrush currents or power surges are the “currents that raise or fall from the normal rated value in the short duration of time”. These are the instantaneous sharp impulse currents. A surge current is a quick and short lived large current flow an electrical system … Read more

The trial balance is prepared to check the arithmetical accuracy of account. If the trial balance does not tally, it implies that there are arithmetical errors in the accounts which require location, detection and rectification thereof. Even if the trial balances tallies, they may still have some errors. Errors may happen at any of the … Read more

You might be wrong if you think kids can only have fun with their toys. The kids today want fun in whatever they do. Yes, it includes complex math as well. Counting numbers on fingers is exciting. But today, the Abacus has made a grand entry and kids love it. Abacus is a math tool … Read more

A trial balance is a schedule or list of balances both debit and credit extracted from the accounts in the ledger, and including the cash and the bank balances from the cash book. The trial balance follows the rule under the double entry where the total debit in the ledger must be equal to the … Read more

Definition and Explanation The book in which accounts are maintained is called a ledger. Generally, one account is open on each page of this book, but if transactions relating to a particular account are numerous, it may extend to more than one page. Ledger is known as the destination of entries in journal but it … Read more

Description: Students find themselves stuck with home assignments on a regular basis. Check out the main options to get help with homework offered in the article. Who Can Help Students with Homework? We all know that students commonly face a lot of impediments. Sometimes even non-academic reasons lead to academic failure. Many students cannot cope … Read more

What are books of original entry? Books of original entry are where transactions are first entered into the system; from these books the entries are then transferred into the ledger account. The main books of original entry are: Sales Day Book: It records the day to day sales invoices to customers and VAT amount. Sales … Read more

A double entry principle states that for every debit entry there must be a corresponding credit entry. This is the major reason why its ledger account has both a debit and credit side. Each firm keeping books must have a debit and credit recorded at the time the transaction take place. Therefore the double entry … Read more

Definition and Explanation of Revenue Expenditures Revenue expenditures are expenses which are incurred in the day to day conduct and administration of business and the effect which is completely exhausted within the current accounting year. These expenditures are recurrent by nature i.e. which are incurred for meeting day to day requirement of a business and … Read more

Historical Perspective of Accounting In 1494, an Italian Monks and Mathematicians by name “Luca Pacioil” was the first to lay the foundation of the Double entry principle. This was done in his book title “Summa de Arithmetical Geometria et proportionalita”. The book contained a section on double entry principle. In 1504, a section of the … Read more

The non-bank financial institutions also known as other financial institutions are those institutions apart from banks that help to perform the role of financial intermediation. They collect funds from the surplus unit under various tithes, and go ahead to make funds available to the investors who have need for such funds. These institutions are as … Read more

Bank services are divided into two:  Corporate Services of Banks Capital Market operation: Company flotation and rotation, breakage activities registrars of company and trustees, issuing house activities Mergers and acquisitions Re-organisation and turn around operation Capital restructuring Project financing Investment Management Portfolio Investment trust Unit trust Loan syndication Debt factoring Banking Services Includes Acceptances of … Read more

Commercial Bank balance sheet structure This represents a statement of the financial position of the bank on a given date. It contains information relating to the Bank asset holding, liabilities and owner supplied capital, asset represents the resources used by the bank. The liabilities and owner’s equity indicate how those resources are financed. Example of … Read more

The Central Bank of Nigeria The central bank of Nigeria is the principal regulator and supervision of the entire Nigerian financial system. It establishment dates back to 1958 under the CBN act of 1958 and started operation in 1st July 1959. It establishment came as a result of nationalism. Before its establishment the role of … Read more

Money is defined as anything that is generally accepted as a medium of exchange (i.e. means of transferring ownership of goods and services from one person to the other) Origin of Money Money has a long history; various items have been used as money at different period and in different places, e.g. shells, animals, elephant … Read more