a study of account books maintained by mahila bachat gat in your area and preparation of financial report introduction
Answers
Answer:
This is a practical approach question wherein you need to visit Mahila Bachat Gat & study how their books of accounts are prepared. Some of the points can be :
a) What method they follow : Cash Basis or Accrual Basis.
b) What all books of accounts are maintained : Journal, Ledgers, Trial Balance or Subsidiary Books, Ledgers & Trial Balance.
c) When they close their accounting year.
d) What all transactions are covered.
These were just a few , you can get into further details accordingly.
Basis all the above points you can prepare a financial Report, stating all the areas you covered in your stud
Explanation:
Answer:
The Self Help Group which is also abbreviated as SHG refers to the committee of financial intermediary that consists of 10 to 20 local men and women. Most of the SHGs that we get to see are situated in India even though there are actually a number of SHGs that we can find in a number of other countries mostly in the South eastern parts of Asia and the Souther parts of Asia. All of the members tend to make small contributions from their own savings until the amount is large enough to be lent away.