ACCOUNTING PRINCIPLES:

1.REAL(OR)ASSET A/C'S, 2.PERSONAL A/C'S 3.NOMINAL(OR)
FICTICIOUS A/C'S.

RECONCILIATION A/C: TO RECOUNCILING THE PASS BOOK AS WELL 

AS CASH BOOK IS CALLED RECOUNCILIATION A/C.

PORTFOLIO MANAGEMENT:In the case of mutual and exchange-
traded funds (ETFs), there are two forms of portfolio 
management: passive and active. Passive management simply 
tracks a market index, commonly referred to as indexing or 
index investing. Active management involves a single 
manager, co-managers, or a team of managers who attempt to 
beat the market return by actively managing a fund's 
portfolio through investment decisions based on research 
and decisions on individual holdings. Closed-end funds are 
generally actively managed.