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WHAT IS DERIVATIVE?
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Answer Posted / bharat chandra das
Derivative is an instrument whose value is derived on
underlying assets.underlying assets means stock ,
share,bonds or commodity.It is a product which reduce risk
on investment.
| Is This Answer Correct ? | 17 Yes | 9 No |
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can any one tell me what kind of qns are asked in gail entrance test. i m apearing for the exam of accounts & finance. please let me know the ans on my id pragneshmall1@gmail.com
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Under the accrual basis of accounting incomes are recognised at the time -------------------
Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.
