Answers were Sorted based on User's Feedback
Answer / pradeep gunuguntla
Bank is a financial institution. which is licensed to accept
deposits from the general public and which also provides loans.
|Is This Answer Correct ?||7 Yes||0 No|
Answer / murugesh
A Bank means lending money to the public & accepting
deposits form the public.
|Is This Answer Correct ?||6 Yes||0 No|
Answer / prasad rane
I think BANK stands for: B: Borrowing A: Accepting N:
Negotiating K: Keeping
|Is This Answer Correct ?||3 Yes||0 No|
Answer / thimmappa poojari
Banks are authrised ( by Reserve banks/govt) Financial
institutions which accepts deposits from general public,
firms, companies etc & channels those money into lending
activities under specified guidelines so helps the smooth
functioning of all financial transactions of individual /
business/any concerned / economy as a whole.
|Is This Answer Correct ?||1 Yes||0 No|
Answer / mayur chavare
Bank is Finacial Inestitutions which follws RBI Bak Rule
and pravides the loan
|Is This Answer Correct ?||0 Yes||0 No|
Answer / triloksharma71
Bank is A Mediater.
|Is This Answer Correct ?||1 Yes||5 No|
What is creative accounting?
What is dividend warrants?
Who is the sundry creditors
In which side Investment is comes In Balence shhet ?
Whatid the rate tds on rent of plant and machinery ?
why journal entry are necessary
Is it necessary after every journal entry to show its treatment in P&L a/c? Eg. if I am asked to show journal entry of purchasing furniture & fixture on 1st Aug 06, i.e. Furniture & fixture a/c Dr. To cash/bank a/c Along with this, I have to pass following journal entry on 31st Mar 07?? P&L a/c Dr. To Furniture & fixture a/c
what is the meaning of networking capital
i am trying to set up a recurring reversing journal in Oracle GL, my problem is i have income balance of £30k that i only want to show 1/12th in a period over 12 months. can any one help me set it up . i want to show P01-13 opening balance £30k less £27500 P02-13 reverse P01-13 journal P02-13 opening balance £30k less £25000 etc. or does anyone know of another way it can be done automatically every month.
Define executive accounting?
WHAT IS THE MEANINF OF BPO?
if salary is paid what will be entry? If it is given on advance? If it is paid on delay