Question
Bills for collection are shown by the bank under which
head?Solution
One of the services provided by banks to their customers is to collect the dues against Bills of Exchange from their customers on the due dates. Where the bills have been discounted the proceeds of such bills on due date are treated as incomes of the bank. On the other hand, if bills have not been discounted, the proceeds on the same on maturity are credited to the account of the customer. The particulars will be recorded in a separate book called Bills for Collection Register. Bills sent for collection have to be shown by way of Note as per Third Schedule.
Which one of the following state of India having the sex ratio above 1000?
Which of the following city is situated on the banks of river Vaigai?
There is a water tank in the form of a rectangular parallelepiped of height 1.1 m and a square base of side 2 m. If a full tank of water is drained out...
Which of the following festivals in Arunachal Pradesh is associated with Agriculture?
What is the chemical formula for the aldehyde group?
Which of the following is not one of the top 5 categories receiving PSL advances?
The former Spanish footballer, Antonio Lopez Habas, was the coach at the Hero ISL 2020- 21 of which of the following football teams?
Among the five recipients of Wisden Cricket Award 2022, Rohit Sharma with which other Indian cricketer has been nominated for this award?
Choose the INCORRECT statement related to monsoon.
Who among the following was the author of ‘Brihat Katha Kosh’?