Question
A bank has Bills Discounted worth ₹4,00,000. Unexpired discount at year-end is ₹40,000. What is the adjustment in final accounts?
More Banking Operations Questions
- The minimum capital requirement for setting up a new universal bank in the private sector as per RBI is:
- The process by which a bank converts the cheques and other instruments deposited by customers into cash is known as:
- A bank has statutory reserve requirement of 25% of Net Profit before appropriations. Net Profit before appropriations = ₹40 crore. Transfer to reserve = ?
- As per section 2(52) of the CGST Act, 2017, the term "Goods" includes
- The maximum insurance coverage provided by DICGC per depositor per bank is:
- The 'Nostro Account' of a bank refers to:
- When the RBI increases the "Repo Rate," it generally leads to:
- As per RBI's IRAC norms, a term loan becomes a Non-Performing Asset (NPA) if interest and/or instalment of principal remains overdue for a period of more t...
- GeM portal deals with?
- Maximum period for which a commercial bank can accept term deposits is:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt