Question
What is the major difference between a Cash Credit (CC)
and an Over Draft (OD) facility?Solution
Cash Credit (CC) is a short-term loan offered to self-employed customers and businesses to meet their working capital requirements, whereas an Overdraft facility is credit funding offered by banks to individuals and companies to withdraw money from the banks in which they have accounts, even if their account balance is low, zero or below. Â
A and B are travelling towards each other with a speed of 30 km/hr and 40 km/hr. They started at same time and A covered 35 km less distance than B befo...
Who, among the following, is known as ‘Sakalottarapathnath’?
Which principle requires businesses to use the cost incurred to acquire an asset as its recorded value in the accounting books?
Purchase refers to the buying of
Monthly income of A is Rs. 9000 and he saves 30% of his monthly income. If monthly expenditure of A is decreased by 35% while his monthly savings is inc...
Who among the following is the author of the book ‘A Passage to England’?
5 positive numbers are written on a piece of paper. Sum of first 3 numbers is 40 and ratio of the 4th and the 5th number is 2:3. If difference between t...
A rectangular ground is 60 metre long and 40 metre broad. If two 20 metre wide paths one parallel to the breadth and one parallel to the length, of the�...
Match the following lakes with their respective continents:
The principle that requires a business to disclose all material information in the financial statements is called:
