A check deposited in a saving account is shown as
credited in clear balance in the passbook while the other
check deposited next day is shown as pending clearance.
Can a bank later on debit the amount of the 1st check
unilaterally,once it is cleared by bank.

Answer Posted / pavan

hey ram if u know the ans send me pls


my mail id:munipallepavan@gmail.com

Is This Answer Correct ?    0 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

All Accounting Question Related Send Me ..

1672


all of interview question about coop bank of oromia

746


I want to know with example of vat & Salestax

1888


Can anyone give comparative data of NPA(non performing assets) of nationalised banks or BANKS IN INDIA for the last 5-10 years if possible with bifurcation substandard doubtful loss asset

1709


Please tell me about service tax, tds, vat & ITR return with A to Z completely detail.

1609






how to do finalisation account ,pls tell me step by step ?

2050


Is WCT paid to be considered as overhead during costing in construction firm?

1514


how there face in lvbank interview

1609


who introduces the single entry format?

1556


EXPAND___________NPO

1472


What are Mortgage Payment Problems?

1513


From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.

3751


KINDLY PROVIDE ME RBI OFFICER SCALE B QUESTION PAPER (PREVIOUS)

1548


is there any chance for confilcts between an accountant and a sales executive ? If yes how do you resolve the same as an accountant ?

1586


We are working as Merchant Exporter. My Question is can we Sale the products against 'H' Form to the Exporter after purchasing the material against 'C' Form? Or only Manufacturer can make sale against 'H' Form.

1608