A Cash Credit or Overdraft account can be considered as out of order if:
A CC/OD account shall be treated as ‘out of order’ if: The outstanding balance in the CC/OD account remains continuously in excess of the sanctioned limit/drawing power for 90 days, or The outstanding balance in the CC/OD account is less than the sanctioned limit/drawing power but there are no credits continuously for 90 days, or the outstanding balance in the CC/OD account is less than the sanctioned limit/drawing power but credits are not enough to cover the interest debited during the previous 90 days period
Vishal has certain sum of money with him. He invested 80% of the sum in scheme ‘X’ offering 15% p.a. simple interest for 8 years and received Rs. 33...
Match List-I with List-II and select the correct answer using the code given below the lists:
A. First Natio...
Branch Account under Debtors System is
The revenue recognition principle dictates that all types of incomes should be recorded or recognized when
Which of the following cities are called “Tree city of the world”?
Which of the following pairs is incorrect?
Read the following statements carefully-
(i) In the late 19 century, the Desh Hiteshini Sabha was established in Mewar.
(ii) Social refo...
P and Q together started a business with initial investment in the ratio of 1:11, respectively. The time-period of investment for P and Q is in the rati...
One – third of the square root of which number is 0.001?
Which one of the following was not recommended in Macaulay's 1835 Minute on Education?