Answer / bhupender janmejai

A sweep account is actually a combination
of two or more accounts at a bank or financial
institution. It is useful in managing a
steady cash flow between a cash account
where scheduled payments are made from
and an investment account where the cash
is able to accrue a higher return.

Answer / madhulika2011

A bank account that automatically transfers amounts that exceed (or fall short of) a certain level into a higher interest earning investment option at the close of each business day. Commonly, the excess cash is swept into money market funds.

accounting concepts

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Hi.. I am pursuing my MBA II year thrgh distance frm O.U HYD., Pls let me know any jobs...in Bank jobssssss

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what is entry of depreciation in journal

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what is the diffrence between bank o/d & bank occ?

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What is the journal entry for tds collected on a cheque of Rs 50000 paid to a consultant?

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How to pass journal entry of gifts purchased for employee by using campany ATM card

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What Does Phantom Gain Mean?

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1. The following data is available. Determine the Break Even point in Sales: Sales : $1,800,000/- Fixed Expenses : $ 375,000/- Variable Expenses : $ 1,200,000/-

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what is golden rule of accounting

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What is process of Vendor Reconciliation and which items will be Add and Less from ad per customer books likes step by step 1-Credit Note shown in vendor a/c but not booked in our a/c- Add or Less 2-Debit Note not shown in vendor a/c but booked in our a/c - Add or Less 3-Invoices not booked in our a/c but shown in vendor a/c- Add or Less 4-Payment booked in our books but not shown vendor- Add or Less If our balance is plus or minus rules is same. like 20000, (-20000) Sir, Provide your mobile n for clarify

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When we received payment from creditors

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define depreciation?

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