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Why do business people prefer the Current Account?
as there are no transaction limits, deposit limits as compared to savings account
How do you recognize account payable?
Account payable is an account that is a Liability (current). When a person or company owes another company money on account, that is an account payable.
A transaction that is likely to cause an increase in a current liability is?
The purchase of anything on CREDIT, as long as that account is to be paid off within 1 year (or one accounting period) A current liability is anything a company owes that is reasonably expected to be paid off within one year or one accounting period.
Are installment account receivables a current asset or liability?
Account receivables are always assets. It's money that is owed to you by another. The length of time in which that money is expected to be collected determines whether it's a current asset or long term asset.
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.
Why do business people prefer the Current Account?
as there are no transaction limits, deposit limits as compared to savings account
How do you recognize account payable?
Account payable is an account that is a Liability (current). When a person or company owes another company money on account, that is an account payable.
What is 'pca d' in hdfc ATM statement slip?
In an HDFC ATM statement slip, 'PCA D' typically refers to a "Personal Current Account Debit" transaction. This indicates that funds were withdrawn from a personal current account at the ATM. The 'D' signifies that it is a debit transaction, meaning money has been deducted from the account.
Savings account opening zero balance sbi?
Only if you are working in a company & that company should have account in icici.then only u can have "0" balance account. otherwise it is not possible.
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.
What does force over balance on a bank account mean?
"Force over balance" refers to a transaction that is forced through disregarding any holds or the current balance on the account.
Balance of current account no is 11234200832 in sbi sojatcity on your email id?
my email id is shalugarg86@gmai.com this is rk& company's current account
What kind of account is rent collected in advance?
Rent collected in advance and not due yet is the current liability and shown under liabilities section of balance sheet until it is actually due.
A transaction that is likely to cause an increase in a current liability is?
The purchase of anything on CREDIT, as long as that account is to be paid off within 1 year (or one accounting period) A current liability is anything a company owes that is reasonably expected to be paid off within one year or one accounting period.
Are installment account receivables a current asset or liability?
Account receivables are always assets. It's money that is owed to you by another. The length of time in which that money is expected to be collected determines whether it's a current asset or long term asset.
What are some steps to help with recovering lost data?
Auto recovery data may help recover the data in 1 or 2 ways. First is to recreate lost transaction using current transaction log file and copy of the company file. The other is to recreate all but the last few hours of transaction with the copy of both the company file and transaction log file.
SAMUDRA - GV SDN BHD is it a registered company?
I didn't check.But as far as i know any company that has a current(checking) account needs to be registered first before the bank would even consider granting them a current account.
