REALISM
it ithe credit facility for working capital requirement and the interst is payable on the usge. it ithe credit facility for working capital requirement and the interst is payable on the usge. In cash credit facility you can take out money of fixed amount even you have no cash in your account and you have to pay in within a time limit.
So that no one can increse the amount after that.....and a fixed amount can be cashed
Accounts payable is not a fixed asset rather it is a liability for company and shown in liability side of balance sheet.
The commission is not a fixed amount: it is negotiated with the estate agent (UK) or realtor (US).
Annuity is a fixed sum of amount payable each year against money parked under Pension Policy or in Equity Funds.
Notes payable is not fixed expense rather it is variable nature as much as production level increases there is increases in credit purchases and if there is no production there is no purchases.
A fixed mortgage rate is when the interest rate remains the same for each payment. The person making the loan repayments benefits from a fixed interest amount and knowing the amount will remain the same. Fixed loans depend on the duration and the loan amount.
The basic difference between a renewable term insurance policy and a fixed term insurance policy is that in the former case premium is payable as per mode chosen for till particular period, whereas in fixed term insurance policy premium has been paid on single or one time basis for a fixed period. However there is no deviation from the basic principle of whole life policy wherein no amount is paid on maturity, only when any eventuality arises during the policy period, the entire sum assured amount is payable by the Insurance Company to the nominee of the deceased person.
A pension fund is payable as soon as you get a job, it allows you to pay in a fixed amount of money to your bank, which can be collected at retirement. There are three different types of pension funds.
Essential of Bill of Exchange 1. The bill must be an unconditional order. 2. It must be in writing. 3. It must be signed by the maker. 4. The drawer must be a certain person. 5. The drawee must be certain. 6. The payee must be certain person. 7. The amount payable in the bill must be certain. 8. The order must be to pay money and money only. 9. The amount must be payable on demand or a fixed or determinable time. 10. It must be stamped according to the value of the bill.
forecasted balance sheet, where the anticipated cash balance, investments, accounts receivable, inventory, fixed assets, accounts payable, wages payable, taxes payable, long-term liabilities,
One that reduces the gross amount of another account to derive a net balance. Accumulated depreciation, which is a contra account to fixed assets to obtain book value, is an example of an offset account. Discount on note payable, which is a reduction of notes payable to derive the carrying value, is another example.