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A festival is a celebration of life. Festivals bring peace and joy to the masses. They break the monotony of life. Indian festivals are numerous.

This is an eloquent line from celebrated gray’s Elegy. The poet says that many beautiful flowers bloom in the wilderness. Their sweet fragrance is carried away by gentle breezes.

The scarcity of natural resources impedes economic growth. Economic growth cannot continue unhindered when the environment is overexploited beyond its carrying capacity.

India has a rich cultural heritage. Though it has been subjected to a series of cultural invasions, yet is has retained its originally and traditional character even after absorbing the best of the external influences.

Child labour is the worst from of child exploitation. It is widespread all over the world. About seventy-three million children belonging to the age group of ten to fourteen years are engaged in child labour all over the globe.

Manner refers to a person’s way of behaving towards others. Good manners imply polite social behavior.

The monkey man is a familiar man in a town or a village. He goes from town to town and from village to village. He has a monkey and a little drum with him.

For a number of centuries science kept itself aloof from warfare. It was not until the Chinese invented the gun-power that science became an active and powerful associate of war.

When one wants to open an account with a bank one has to make an application on a printed form. For opening a current account the bank will also require introduction by someone know to the bank.

A promissory note may also be used like a bill in making payment of trade transaction. A promissory note is defined by section 4 of the Negotiable Instrument act…

A dark cloud is a kind of difficulty, calamity, and misfortune. The silver lining is hope for progress, an opportunity to go ahead. Even a thorny bush may have beautiful flowers.

According to section 12(1) of the Negotiable Instrument Act, “A negotiable instrument means a promissory note, bill of exchange or cheque payable, either to order or to bearer.”

According to Section – 5 of the Negotiable Instruments Act a bill of exchange is, “an instrument in writing containing an unconditional order…

Usually a bill of exchange is drawn with consideration; the drawer makes an order to the drawer to make payment for the goods supplied to him.

Errors should be corrected by over writing. If, immediately after making an entry, it is clear that an error has been committed, it may be corrected by nearly crossing out the wrong entry and making the correct entry.

Some of the errors affect the profit and loss of the firm but some do not. If the error is in the nominal account, the profit and loss account…