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Does a Demand Draft in India guarantee the recipient the money Is there a circumstance under which the buyer can give me a DD that I cannot convert into cash at the bank Or does DD equal Cash?
If the DD is from an authentic bank and is addressed to the payee then its as good as cash. To get a DD people have to pay cash ahead of time which guarantees the money. To cash a DD the recipient should have a bank account. To know more or order demand draft online you can check this link on Indolegal demand draft service. http://www.indolegal.com/corporate-services/demand-draft-india-1.html
What is the cash management of a commercial bank?
Money is an account balance. Banks do not maintain cash on hand equal to the amount of money deposited. Rather, they keep about 10% of deposited funds in cash. The amount required varies from day to day and week to week. Cash management is keeping enough cash on hand to handle the bank's cash business plus the cash reserve dictated by the bank's policy. Cash on hand plus cash deposited minus cash paid out equals net cash on hand. To ensure that the net cash on hand meets the bank's needs, the cash manager must estimate with fair accuracy the amount of cash to be deposited as well as the future cash demand. Cash is ordered from the federal reserve and excess cash is returned there.
Why are customers stakeholders?
The lifeblood of any endeavor is cash flow. Cash flow comes from customers wanting a product enough to pay for it. They may even depend on it to run their home, business or some other facet of their life. In Economic terms they are the demand part of the supply and demand dynamic. That makes them at least a 50% stakeholder in any enterprise.
Can a demand draft be encashed immediately?
Yes. A Demand draft is like cash. The moment you hand it over to the bank that issued it, they will pay you cash immediately. All they will ask is identification proof that, you are indeed the person to whom the draft was issued. However, if the amount is too high, the bank may ask you to wait a few minutes to arrange the same
What policy should you use on bounced checks?
1. Return to originator and demand cash payment plus any penalty that was charged to you for trying to cash a worthless check. 2. Refuse any further checks from same party.
When was Cash on Demand created?
Cash on Demand was created in 1961.
What is the duration of Cash on Demand?
The duration of Cash on Demand is 1.33 hours.
What is Cash receipt number in demand draft?
The cash receipt number in demand draft is a 6 digit number. The demand draft receipts are issued in India.
What are the ratings and certificates for Cash on Demand - 1962?
Cash on Demand - 1962 is rated/received certificates of: USA:Approved (certificate #19968)
Can a loan company demand cash payments?
no
A crop that is continuously in demand?
A cash crop.
How are cash crops found?
By creating a demand (realistic answer).
What do most creditors today demand to be paid in?
cash
Are postage stamps considered cash?
postage stamps are not considered cash or a cash equivalent. The reason is that stamps are not considered as liquid as cash because you can not demand cash payment for them.
Is cash on demand a standard term for accounts receivable?
No, the phrase "cash on demand" is not a standard term for accounts payable in accounting terminology. Cash on demand is a term used when using payday loans or other types of loaning operations. It is typically a high interest, quick payback loan.
Can you make a demand draft by depositing cash on the counter?
yes
What account receivable payment term is not standard business?
cash on demand...
