Tag: personal-finance
-
Study Material on Union Budget 2025-26 of India
21,559 views
Official Budget Document Published by Govt of India The Union Budget 2025-26, presented by Finance Minister Nirmala Sitharaman on February 1, 2025, serves as the annual financial statement of the Government of India, outlining estimated receipts and expenditures for the fiscal year April 1, 2025, to March 31, 2026. This budget emphasizes inclusive development under…
-
Study Material: Classification of Capital and Revenue Items in Accounting
21,559 views
1. Definitions and Key Principles In accounting, transactions are classified as capital or revenue based on their nature, recurrence, and impact on the entity’s financial structure. This classification adheres to principles outlined in accounting standards such as Indian Accounting Standards (Ind AS) or Generally Accepted Accounting Principles (GAAP), which emphasize substance over form. Key Principles…
-
Accounting as a Financial Information System
21,559 views
Introduction to Accounting as a Financial Information System Accounting is fundamentally a system designed to collect, process, and communicate financial information about an entity (such as a business, government, or non-profit organization) to various stakeholders. It serves as a financial information system by transforming raw economic data into meaningful, structured reports that aid in decision-making.…
-
Central Government Schemes and State Government Schemes
21,559 views
It outlines various central and state government schemes in India aimed at addressing diverse socio-economic issues. Central schemes include initiatives for river conservation, financial inclusion, housing, skill development, and health coverage, while state schemes focus on education, unemployment support, agricultural aid, and healthcare. Notable programs include the Namami Gange Scheme for rejuvenating rivers, Pradhan Mantri…
