Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / sajjad rehman
RTGS stand for real Time Gross Settlement its mean transfer of fund in real time and in Gross settlement in this system funds are transfer instantly approx within 2 Hrs to beneficiary's bank account, which is more then 2 Lake,
NEFT stand for National Electronic Fund Transfer in this system funds are transfer in net settlement, its take more time and transferable less then 2 Lakes.this method is mostly adopt by Small Enterprises.
Some bank have this facilities but not all.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
hai everybody... wish u all the best for those who got selected in sbi associate bank is anyone from coimbatore region attending on 27th may 2009.
drawings by making a DD from bank ( suppose payable towards UIT ) and on cancellation on such DD what journal entry needs to be passed ?
A crushing unit blasted 1650Mts in the month of March 2009. The rate of Royalty to be paid is rs 35/- Per MT. Advance royalty was paid rs 250000/- on 1-3-2009. pass journal entries from the advance royalty
i want to know the TDS deduction Chart for 2008/09 Eg : professional fee ,contractors ,subcontroctors. rent . ............
commisiion recieved journal entry and receipt required
Short Answer on _____________Intangible Assets
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.
what are Blue-Chip companies?
what is internal audit
after directing tally 9 to calculate interest as per 30 day option basis on a loan account.........,it still calculates interest as per calender month when checked on to display>statements of accounts>interest payable in tally 9 ...where is the error?? how to correct the function.
Should I have perfect credit score, that is, above 800 credit score?
For how long should prepayments be carried in the books as fictitious asset and when is it ideal for a new coy to pay tax
why are you selecting for the profitbulity analysis costing based& active based
what are the uniform public construction cost accounting act procedures?
where we have file E-returns in SAP FICO-CIN/Wtax?
