Answer Posted / nitin sharma

The main difference is the way the card works and where the
money comes from. Debit cards can be used as either a debit
card or credit card. Credit cards can only be used as a
credit card. Debit cards do not carry a line of credit. The
purchases made with a debit card can not exceed the amount
of money a person has in their bank account. This is the
main difference between a credit and debit card.

Another major difference between credit and debit cards is
the risk involved. Because they are attached to a bank
account, loosing a debit card is very risky. A person does
not need a pin number to use a debit card and therefore can
easily drain a persons bank account, causing extreme problems.

With a credit card the only problem is proving that someone
else used the card. With a debit card the persons has to
figure out how to get their money back and if any checks
bounced they are responsible for those as well. The legal
liability is much greater with a debit card than with a
credit card. Go to : http://www.credit-card-gallery.com/ and
get a best credit card according your credit.

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.

3027

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Received cheque Rs 250000 which is exclusive of 5% Security deposit 2.24% income tax and i% miscellaneous recovery. Pass necessary entry

2181

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what are the certificates needed at the time of SBI clerical interview?

2141

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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

2176

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You been asked to prepare a training class for completing expense statements. What points will you emphasize to insure accurate expense statements are submitted?

2307

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after payment of interest of a loan account by using credit note voucher in tally 9........don't anyone thinks that we have to adjust the cash account by passing cr entry on journal for interest payment...

2011

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WHAT IS PROSPECTUS?

2137

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give me only one transactions in both side (debit&credit) should be in real accounts

2176

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what is non stock?

2669

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Can v transfer trail balance to journal entry how and with example?

2247

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euro currency market

1957

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when apply for ragistred in central excise no

1879

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wat is the fundamental analysys& technical analasys?and wat is the difference bewween fundamental analysys&technical analasys?

2106

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In OD Account How Many Interest Paid or Not? and second CC Account How Many Interest Paid or Not?

2120

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please provide wct retun guide line how can prepaire that

2419

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