Finance Numericals

 BSE: It is known as Bombay Stock Exchange which is established in 1875. It is the 10th oldest stock exchange in Asia. It is situated in Dalal Street Mumbai, India. BSE is established by cotton merchant Premchand Roychand. It is the 8th largest stock exchange with overall market capitalisation at present (2022). In 1957 it is recognised as stock exchange under the Securities Contract Regulation Act 1956. BSE introduced SENSEX as equity index in 1986 under which 30 companies stocks are listed. The performance of these stocks in market shows in this index. The BSE online (BOLT) trading was started in 1995. NSE: It is also known as National Stock Exchange of India. It is established in 1992 in Mumbai. NSE is largest derivative exchange in 2021 by number of contract traded. It is ranked 4th in the world in cash equities by number of trades. It is 10 th in world according to its market capitalisation in August 2021. It was established in 1992 as first dematerialised electronic exchan

Ledger: It is a book in which all same transactions are recorded in one place. A separate account is prepared to each transaction. After recording the transactions in journal the transactions are posted in ledger book. Format of Ledger: Dr.                                                                                                                      Cr. Date Particulars J.F Amount Date Particulars J.F Amount                      There are three types of account: Personal real and nominal account. Balances in ledger account: Debit balance of personal account shows the amount owing from him. If there is credit balance of personal account it shows the amount is owing to him. Real account included cash in hand, furniture, land, goods etc. real account always shows debit balance. Goods a/c, like purchase a/c, sales a/c,