We need you to answer this question!
If you know the answer to this question, please register to join our limited beta program and start the conversation right now!
Asked in Banking
What is the procedure to open a current account for a new company?
Many banks require an individual identification card and a tax identification number to open a new account for a company. There might also be a minimum balance requirement to keep fees to a minimum. ...
Asked in Economics
Why is a current account surplus equivalent to foreign investment?
A country where income is greater than spending, has saving greater than investment, and a current account surplus. The excess of income over spending must be balanced by foreign investment, so there will be a financial account deficit to match the current account surplus. ...
Analysis of the types of terms of trade?
the current account and the current account balance are within the terms of trade. if you there is money entering the money supply from a foreign market or someone who has not yet deposited the money into a banking system, that will be a current account. it will be a current account balance, composed of capital account, trade account, and account deficit. this means, if the money is leaving the country. ...
Asked in The Difference Between
What is difference between current account and capital account?
Current account shows current year current year transactions and capital account shows both current transactions relating to businessman and initial capital of businessman. According to FEMA Act 2000, "There is no restrictions on holding or exchanging of foreign currency under Current Account . But Any foreign currency is under capital account , then it must be controlled under the regulations of RBI." In partnership , partners can make current account separately from capital account in which they can show only their salary, interest on...
Asked in Australia, Currency Conversions
What is Partial convertibility of currency?
it means that any domestic or foreign agent can convert its domestic currency to a foreign currency at an official exchange rate in order to complete the current account transaction. current account transaction involves the purchase and sell of visibles and invisibles like goods & services. ...
Asked in United Kingdom
Which companies in the UK offer current account mortgages?
One of the companies in the United Kingdom that offers current account mortgages is Tesco. The Tesco banking company began offering them in the year 2009. ...
Asked in Banking
Can you open the RBI current account for company?
RBI Stands for Reserve Bank of India. RBI is the central bank of India and they supervise the banking operations in the country. They do not provide banking accounts to individuals or company's So, the answer to your question is - No, you cannot open a current account for your company at RBI. ...
Accounts receivable is what type of account?
Accounts receivable is a current asset. Accounts receivable is an "asset" account true, however depending on the expected amount of time the company intends to receive payment for the account it can be either a current or long-term asset. Account receivable just as 'note" receivable both can be either current or long-term assets. If the account or note is expected to be paid off in one year (or less) the account is current. Over one this amount of time then the account is long-term. ...
What is the different between cash credit account and current account?
Diff. between CC account & current account
What's asset allocation fund and is it good for current market?
This depends on the company that you are doing the investments with. Each company has different requirements which are needed for an investment account. ...
Difference between current account and cash credit account?
i am a student and wanted to open my account should i open a current account or credit account ...
Asked in Business & Finance, Banking, Business Accounting and Bookkeeping, Commercial Bank and Checking Accounts
What is a current account?
A Current Account is a Bank Account opened in the name of a business establishment. Banks giving overdraft facilities, by checking the old transactions, if it is necessary for the establishment. Another meaning: A current account is a record of transactions between two parties, for example, between a bank and its customer or utility company and its customer. A current account is a type of bank account into which your wages are paid and you pay your debt/bill from. As compared to a deposit or...
Is account receivables a current asset?
Yes, accounts receivable is a current asset. The company expects to receive payment for the amount owed in one year or less. Notes receivable is a non-current asset. The company will receive payment of the amount in more than one year. ...