New banking watches introduced in western countries - News

Western banks introduced e-watches that can be used to maintain banking transactions, it works with android OS.

Stock market updates and currency converter

Hello, now with my blog you can convert any currency and can see updates of market easily. Check it once. Thank you. - yours sharath perlampady

Market rates update 06/11/14 @4pm

NIFTY -8338.3 S&P BSE SENSEX-27915.88 S&P BSE 100-8400.95 NSE MIDCAP-11977.25 SEXNSEX FUT -28080.5

Something about consumer trade

Consumer trade- 
 in last 5 decades the world has witnessed the remarkable change in world of trade...the main motto of the concept of trade has been turn out to be falls recent trend ...those traders who drastically created monopoly in market structure and hypnotized the buying behavior of consumer using harsh trading technique are moving out of picture... Now ,consumer determines the survival of trader in a market...now traders are hypnotized by buying behavior of consumers and struggling to produce the goods to meet their varying wants and demands .thus ,we can conclude that the trade structure prevailing in present market is based on the concept of "consumer-trade" ,it is the market structure where whole activities of a market(trade+associative trade activities are) is determined and defined based on consumer wants ... there will be zero expectation of survival trader,

Rupee value today against dollar and other rates

1 Indian rupee is equal to 0.01629 US dollars ($) 1 US dollar = 61.4355 Indian rupees *Bank Rate* 9.00% with effect from 28th jan 2014, additional info It Increased from 8.75% from 29/10/2013 *Cash Reserve Ratio* (CRR)is now 4.00% with effect from 9th feb 2014 announced on 29/01/2013 It was Decreased from 4.25%from 30th oct 2012 *Statutory Liquidity Ratio* (SLR) is now 22.00% with effect from 09/08/2014 announced on 5th aug 2014 it was reduced from 22.50% from 14th jan 2014 *Repo Rate* under 8.00% with effect from 28th jan 2014 it was increased from 7.75% which was continuing since 29th oct 2013 *Current Reverse Repo Rate* is now 7.00% with effect from 28th jan 2014 it was Increased from 6.75% from 29th oct 2013 *Marginal Standing Facility* (MSF) is 9.00% from 28th jan 2014 it was Increased from 8.75% which was continuing since 29th jan 2013

Current commercial rates

*Bank Rate* 9.00% with effect from 28th jan 2014, additional info It Increased from 8.75% from 29/10/2013 *Cash Reserve Ratio* (CRR)is now 4.00% with effect from 9th feb 2014 announced on 29/01/2013 It was Decreased from 4.25%from 30th oct 2012 *Statutory Liquidity Ratio* (SLR) is now 22.00% with effect from 09/08/2014 announced on 5th aug 2014 it was reduced from 22.50% from 14th jan 2014 *Repo Rate* under 8.00% with effect from 28th jan 2014 it was increased from 7.75% which was continuing since 29th oct 2013 *Current Reverse Repo Rate* is now 7.00% with effect from 28th jan 2014 it was Increased from 6.75% from 29th oct 2013 *Marginal Standing Facility* (MSF) is 9.00% from 28th jan 2014 it was Increased from 8.75% which was continuing since 29th jan 2013

Simple Journal Entries

1.Purchase Of Goods -Purchase of goods for cash purchase A/c Dr  To cash A/c  -purchase of goods for credit purchase A/c Dr creditors a/c  2.sale of goods -for cash  cash/bank a/c Dr to sales a/c -for credit  debtors a/c Dr  To sales a/c   3.cash introduced in by the proprietor into business cash a/c dr  to capital a/c   4.cash paid into bank bank a/c dr  to cash a/c  5.furniture bought for cash  furniture a/c dr to cash a/c  6.goods sold to X x's a/c dr to sales a/c   7.rent paid in cash rent a/c dr to cash a/c  8.salary paid in cash  salary a/c dr to cash a/c  9.asset sold for cash  cash a/c dr to asset a/c  10.commission recieved cash a/c dr to commission a/c   11.cash withdrawn by proprietor  drawings a/c dr  to cash a/c ***journal entries to be passed on issue of equity shares at par :) -to call the uncalled amount equity share capital a/c dr to equity share final call a/c - to recieve the amount on final call Bank a/c dr equity share final call a/c to issue any new shares to carry out redemption bank a/c dr to equity share capital a/c to to transfer any amount from divisible profit to capital redemption reserve account. Divisible profit a/c dr to CRR a/c to redeem equity shares equity share capital a/c dr to Equity share holders a/c to pay shareholders equity share holders a/c dr to bank a/c

INFO ABOUT THIS BLOG : WOW COMMERCE

This is something about my blog. Am sharath perlampady and am going to publish here all commerce related informations like journal entries, commerce updates, commerce news, etc that is very useful to PU and DEGREE students. You can search journal entries and can learn more! Please Contribute your journal entries , news, informations, if any questions mail me at sharath@inbox.com