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What type of account must underlying assets for variable annuity contracts be maintained in?
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What is commodity account?
In Commodity account who provides orders to buy or sell commodity contracts on behalf of clients and charges them a commission.
Does The Salaries Payable Control account has underlying subsidiary ledger?
Type your answer here... True
Which type of account is held by the mortgage lender and use to cover property taxes and homeowners insurances?
Some mortgage contracts contain a provision for an "Escrow Account".
What does account impounding mean?
Account impounding is an accounting term used to describe an account that is maintained by a mortgage company. This account collects hazard insurance, property taxes, private mortgage insurance, and other required payments.
Is sales on account a variable cost?
Sales aren't any sort of cost. They are the opposite of costs.
What kind of things are preferred to take in account when making contracts with management?
When making contracts with management, you always need to take into account the goals of the account, the timeline for achieving these goals, and all costs involved. The contracts usually have a penalty for not achieving the goals, so make sure to plan for contingencies.
What is the role of a key account manager?
The key account manager must ensure that the priority account is well maintained. Any issues with the account can jeopardize the business relationship.
What is commodity account?
In Commodity account who provides orders to buy or sell commodity contracts on behalf of clients and charges them a commission.
What types of business are classified as commodity contracts brokers and dealers?
This industry classification includes establishments primarily engaged in buying and selling commodity contracts (futures) on either a spot or future basis for their own account or for the account of others
Does The Salaries Payable Control account has underlying subsidiary ledger?
Type your answer here... True
Company Account will be maintain under which account?
company's account will be maintained under co's p&l a/c. they work according to the rules of co's act 1956.
Can variable universal life insurance be converted into a fixed account?
Variable universal life insurance is not an account. It is a policy that invests in separate accounts in an attempt to earn higher returns than a fixed policy. A variable universal life insurance policy can be converted into a different type of life insurance policy but not a different kind of account.
What is EEFC account?
Exchange earners foreign currency (EEFC) account . Its maintained by company or individual when they have receivable and payable in more than one currency.
Which type of account is held by the mortgage lender and use to cover property taxes and homeowners insurances?
Some mortgage contracts contain a provision for an "Escrow Account".
What does account impounding mean?
Account impounding is an accounting term used to describe an account that is maintained by a mortgage company. This account collects hazard insurance, property taxes, private mortgage insurance, and other required payments.
What is a mortgage escrow account?
An escrow account associated with a mortgage is an account that is maintained by the mortgage holder and funded by the mortgagee. Part of the monthly mortgage payment goes into this escrow account to pay for property insurance and property taxes.
How IT could be beneficial to an organization?
IT is very much essential for an organisation. From the date of appointment of personnel to till the leaving of persons is to be maintained in IT. All entitlement to the staff and all recoveries from the staff including leave account, PF account and other savings account can be operated through IT. Even arrival and departure time of staff can be maintained through IT.
