A nationalised bank is any commercial bank that is bought and controlled by the government. Most of these banks are formed by the conversion of commercial banks. Nationalized banks are also known as public...

Income can be described as the total inflow of revenue during a period of time. It generally includes the wages, interests, rent and profits. Profit can be defined as the surplus that is remained after the...

Ex gratia refers to the act of donation that is made due to moral obligation rather than any legal requirement, whereas bonus is an added monetary benefit that is usually provided to the employee in order to...

ISO, short for International Organization for Standardization, is considered as the world’s largest developer of voluntary International Standards. The ISI, short for Indian Standards Institute, is a...

A bill is an itemized statement of money owed for products sold or for the services that are provided from the seller to the buyer. A voucher can be described as a written instruction that is used to confirm...