Some important term: For Viva

1. Depreciation :
Depreciation is the allocation of acquisition costs of fixed assets to expenses over its entire useful life in a rational and systematic way.
2. Call Money:
Inter bank's short term lending and borrowing is called call money.
3. Memorandum of Association(MOA):
Memorandum of Association is a fundamental document which contains the fundamental rules regarding constitutions and activities of the company.
4. Article of Association(AOA)
Article of Association is a subsidiary document which contains rules regarding the internal management systems of the company.
5. Break even point:
Break even point is the level of activity at which the business makes neither a profit nor a loss.
6.Clearing House:
Clearing House is an institution where cheques and bills from member banks are exchanged.
7. Capital Market:
Capital Market is a market where long term debt and securities are traded. Example: DSE,CSE.
8. Money Market:
Money market is a market that provides short term debt financing and investment.Example: Bank
9. Primary Market:
Primary market is a market where new securities are issued to the public for the first time for the purpose of obtaining capital.Example: IPO.
10. Secondary Market:
Secondary market is a market in which previously issued financial instruments such as stocks,shares and bonds are traded I.e. bought and sold.Example: DSE,CSE