bankruptcy
How the banking system works
We all, one way or another, interact with banks. Deposits, loans, bank cards, payment of utility bills: this is an integral part of the daily life of every person. But who thought about what are the schemes of banks and how the entire banking system works? Understand how banks make money.
The structure of the banking system in the Russian Federation
In Russia, the banking system is two-tier. Continue reading
How the process of bankruptcy of enterprises occurs: methods of prevention
The term “bankruptcy” in Italian means “broken bench (table, counter).” In times of lack of financial literacy, it was customary to smash and destroy bankrupt offices. Since then, a lot has changed and the criteria for bankruptcy of enterprises have become accessible and understandable. Bankruptcy is not always synonymous with loss these days. In many cases, this procedure becomes an important step towards financial recovery. Continue reading
What is a debit and credit balance
“Debit and credit” is perhaps the most famous accounting phrase that even those who are far from the topic of finance know. But do you understand what it is, and can you explain the essence of the concept of debit and credit in simple terms? It’s actually pretty easy.
Debit and credit – what is it
What is reflected in debit and credit? Continue reading
