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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 of the following statements correctly outlines the qualifications required for a person to be appointed as a Judicial Member according to the prov...
Which of the following is not a qualitative characteristic of accounting information?
An entrepreneur is setting up his new business. He purchases some equipment. He also takes insurance on the equipment for which the premium is paid for...
According to the Union Budget 2023-24, consider the following statements.
1. As per the First Advance Estimates (FAE) of National Income, 2022-...
Which leadership style is most commonly adopted by MSME owners to motivate small teams and manage limited resources effectively?
...What is the focus of applied ethics?
Which of the following statements is correct?
Which of the following causes of an increase in return on equity is most likely a positive sign for a firm’s equity investors?
Which of the following contracts are not traded on exchanges?
Which city hosted the Sustainable Finance for Tiger Landscapes Conference aimed at mobilizing USD 1 billion for tiger conservation?