The General Accepted Accounting Principle defines the set of accounting standards for the corporate sector and other public institutions in the United States. They are the rules and guidelines according to which every organization formulates its accounting record. The financial…
The full form of BBC is British Broadcasting Corporation. The BBC is a renowned public services broadcaster that was established in 1922. The British Broadcasting Company became the British Broadcasting Corporation in 1927. It has turned into a privately owned…
As the name suggests, Magnetic Ink Character Recognition MICR uses special magnetic ink to print the characters on high-security documents like bank cheeks and vouchers. Banks are using this technology to prepare and process the check. The checks contain the…
The full form of MD is Managing Director. Companies, corporate houses and organizations have a managing director on their board of directors. The post of managing director in a company is among the apex designations assigned by the core committee…