Description : A. Bank overdraft B. Bills Payable C. Account Payable D. Retain earning
Last Answer : D. Retain earning
Description : Sundry Debtors – Rs.15,000 Bills Receivable (B/R) – Rs.12,500 Cash at Bank – Rs.17,500 Stock – Rs.15,000 Profit – Rs.20,000 Creditors – Rs.25,000 Bills Payable (B/P) – Rs.15,000 Sales – Rs.1,00,000 What is the Acid Test Ratio ? (A) 1•5 : 1 (B) 1•125 : 1 (C) 16 2/3% (D) 50%
Last Answer : Answer: 1•125 : 1
Description : The assets which is not taken under the net assets method of calculating Purchase Consideration is: (A) Loose Tools (B) Bills Receivable (C) Machinery (D) Share issued expenses
Last Answer : (D) Share issued expenses
Description : Which of following is not Current Asset? A. Patent B. Bills receivable C. Cashable security D. Prepaid Expenses
Last Answer : A. Patent
Description : Increase in the amount of bills receivable results in-------------- a) decrease in cash b) increase in cash c) no change in cash d) none of these
Last Answer : a) decrease in cash
Description : What is trade receivable discounting system?
Last Answer : TReDS is an electronic platform that allows businesses to auction trade receivables such as invoices, and the platform serves as a transparent and quick medium for the small scale players to avail funds at ... . 2. It does not add borrowings or any additional liability on the balance sheet. 3.
Description : Buying a company's accounts receivable on a nonrecourse basis is known as _____. A. switch trading B. financing C. factoring D. funding E. free trade
Last Answer : C. factoring
Description : What is bank overdraft ?
Last Answer : If the bank gives the owner of the current account a chance to withdraw the excess money from his deposit, he is called an overdraft. In this case the opportunity to withdraw money up to a certain limit is provided.
Description : Interest on bank overdraft is recorded on _________ side of Pass Book.
Last Answer : Interest on bank overdraft is recorded on _________ side of Pass Book. (a) debit (b) credit (c) any (d) both
Description : 1 Cash Balance ₹ 56,000 Bank Overdraft ₹ 11,000
Last Answer : Enter the following transaction of Mr. Chavan in a cash book with cash and bank column for the month ... cash and electricity bill ₹ 7,400 by cheque.
Description : Interest on overdraft charged by the bank is recorded in the cash column.
Last Answer : State whether the following statement are True or False with reason : Interest on overdraft charged by the bank is recorded in the cash column.
Description : What is meant by Bank Overdraft?
Last Answer : What is meant by Bank Overdraft?
Description : Bank overdraft means ___________ balance of Bank A/c.
Last Answer : Bank overdraft means ___________ balance of Bank A/c. (a) Debit (b) Credit (c) Positive (d) Nil
Description : How to Recover Bank Account Overdraft Fees?
Last Answer : WaitOnce you notice that you have an overdraft charge, you will need to wait until you know it has been posted. It does not matter if you see the charge online or if you just notice that your ... you do not need to worry about it for now.Call Customer ServiceOnce your overdraft fee and your deposit
Description : The permission given to a bank customer to draw cheques in excess of his current account balance is called - (1) a personal loan (2) an ordinary loan (3) discounting a bill of exchange (4) an overdraft
Last Answer : (4) an overdraft Explanation: Overdrafts is an extension of credit from a lending institution when an account reaches zero. An overdraft allows the individual to continue withdrawing money even if the ... available balance goes below zero. In this situation the account is said to be "overdrawn."
Description : Which of the following is not a type of Bank credit 1. Loan 2. Fixed deposit 3. Overdraft 4. All of these 5. None of these
Last Answer : Fixed deposit
Description : The permission given to a bank customer to draw cheques in excess of his current account balance is called (1) a personal loan (2) an ordinary loan (3) discounting a bill of exchange (4) an overdraft
Last Answer : an overdraft
Description : Who is responsible for overdraft fees on a bad check?
Last Answer : answer:Yes, you can hold her responsible for any fees that you incurred. You can also charge her a fee for your trouble having to track her down. If she does not pay you, you can take her to small claims court.
Description : What is overdraft ?
Last Answer : If the bank gives the owner of the current account a chance to withdraw the excess money from his deposit, he is called an overdraft.
Description : (i) Bank overdraft is an Asset of the business concern.
Last Answer : Correct and Rewrite the following statements: (i) Bank overdraft is an Asset of the business ... expenses, and purchase transferred to Trading A/c)
Description : Overdraft as per Cash Book means debit balance as per Cash Book.
Last Answer : State whether the following statement are True or False with reason : Overdraft as per Cash Book means debit balance as per Cash Book.
Description : The debit balance of Pass Book represents overdraft.
Last Answer : State whether the following statement are True or False with reason : The debit balance of Pass Book represents overdraft.
Description : Overdraft facility is allowed to Proprietor’s Personal A/c.
Last Answer : State whether the following statement are True or False with reason : Overdraft facility is allowed to Proprietor’s Personal A/c.
Description : Overdraft means _________ balance of Pass Book.
Last Answer : Overdraft means _________ balance of Pass Book. (a) opening (b) debit (c) credit (d) closing
Description : Overdraft facility is allowed to __________ account.
Last Answer : Overdraft facility is allowed to __________ account. (a) saving (b) recurring (c) current (d) fixed deposit.
Description : Overdraft facility is given only to current depositors.
Last Answer : Justify the following statement: Overdraft facility is given only to current depositors.
Description : Distinguish between the following: Loan and Overdraft
Last Answer : Distinguish between the following: Loan and Overdraft
Description : Explain the following concept: Overdraft
Last Answer : Explain the following concept: Overdraft
Description : Select the correct option from the bracket: Group ‘A’ - (1) Overdraft
Last Answer : Select the correct option from the bracket: Group A' Group B' (1) Overdraft ... Deposits, Current Account, Letter of Credit, Businessman)
Description : Can I overdraft my capital one card?
Last Answer : It would depend on which card you have and the policy governingthat card, but in most cases the answer would be yes and you wouldlikely be charged a hefty overdraft fee.
Description : What is overdraft protection (ODP)?
Last Answer : What is the answer ?
Description : What is the difference between a loan and an overdraft?
Last Answer : an overdraft is over drawing on a current account in excess of the credit balance whilst a loan is the act of lending or borrowing, for temporary use with permission
Description : Which of the following is not a banking related term? (A) SME Finance (B) Equinox (C) Overdraft (D) Sanctioning Authority
Last Answer : Answer: Equinox
Description : Failure to carryout a contract is called ? 1. breaking 2. default 3. overdraft 4. insolvency 5. None of these
Last Answer : breaking
Description : What is similar to overdraft except that it is comparatively for a longer period?
Last Answer : Cash credit
Description : Unsecured short term deposit made by one company with another (only in case of public company) a. ICD b. Overdraft c. Cash Credit d. Promissory Note
Last Answer : a. ICD
Description : Bank of America website down, can't pay bills, how can I document that I tried to log on to pay bills so I can argue missed payments or late payment?
Last Answer : Keep trying!
Description : Are written bank checks, to pay your bills, becoming a thing of the past?
Last Answer : answer:Here in the UK, cheques are planning to be totally phased out by 2018, providing adequate alternatives are developed such that there is no situation which would necessitate paying by cheque. However, I ... the bill and then pay online or by phone once I have verified the amount is right!
Description : Is the recalled $5 bills worth $30 when you turn it in at a bank?
Last Answer : You’re kidding, right? What recall?
Description : Is it illegal to use your husbands bank card with your name not on the account but he has you write checks from it to pay bills?
Last Answer : Not if he knows about it and gave you the card.
Description : I am a married woman for 25 years,but my husband does not want to help me pay mortgage, or any other bills I think he is gambling he never has money, his bank acct is empy. Do I have any legal rights ?
Last Answer : Math is very important when getting your CNA for many reasons. Math is the basis of any medical field. You will need it to calculate weight of patients, medicine dosage, and to use with any procedures.
Description : My checking account was garnished on Friay. I receive my salary through direct deposit at my bank, and they took all of it! Isn't this illegal I need help. The garnishment is for bills while in the hospital for a week and subsequent anti biotic treatment?
Last Answer : No that had to go to court to be able to do that. You will have to prove how much you need to live on and they will take the rest. Unfortunately, this is very legal. You should have received a legal notice informing you of the garnishment.
Description : Mary's paycheck was for $600.00. When she cashed her check at the bank, the teller gave her a total of 40 bills, both tens and twenties. How many tens did the teller give Mary?
Last Answer : 20
Description : _____has constantly endeavoured to develop the commercial bills market. a. Commercial bank b. RBI c. SBI
Last Answer : b. RBI
Description : What are the Functions of Accounts Receivable?
Last Answer : There are some core functions of the account receivable such as:Assets:Accounts receivable is one of the biggest current resource accounts for organizations that sell on record. Current resources are ... Generation:Accounts receivable speaks to one of your two kinds of income, the other being mo
Description : What are accounts receivable ?
Last Answer : Answer : Accounts receivable is the money owed to the buyer for the rest of the product or service . It is often shown on the balance sheet as a current asset . The receivable company keeps records of accounts and reports on the balance sheet.
Description : (i) Sale or purchase of goods or services for a certain value to be receivable or payable in the future.
Last Answer : Give the word term or phrase which can substitute each of the following statement : (i) ... services are withdrawn by the proprietor for self-use.
Description : What is Taxes Receivable?
Last Answer : Need answer
Description : What happens when a customer doesn't pay at the time of sale for accounts receivable?
Description : Advantages of Accounts Receivable Factoring?
Last Answer : Accounts Receivable Factoring For Healthy BusinessesMany businesses find their working capital less than healthy forfuture growth potential. This is when many proprietors findaccounts receivable factoring ... leaves the business waiting for payments fromcustomers.At present, many businesses have r