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The reason behind OTP is that it is time efficicent.After OTP log file will be generated and which can be used 4 easily data recovery in case of system crash.example of OTP is ATM ,chek clearing system used in bank.

Placid04

BIHAR ,India

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13y ago

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What is a transaction increase capital is?

A transaction that increases capital refers to any financial activity that enhances a company's equity or funding base. This can occur through various means, such as issuing new shares, securing loans, or reinvesting profits. These transactions help strengthen the company's balance sheet, allowing for growth opportunities and improved financial stability. Essentially, they reflect an inflow of resources that can be used for expansion or operational needs.


What is the financial gain made in transactions?

Financial gain in transactions refers to the profit derived from the difference between the purchase price and the selling price of an asset or product. This can include capital gains from investments, the markup on goods sold, or earnings from services rendered. The gain is typically realized when the asset is sold or the transaction is completed, and it can be affected by factors such as market conditions and transaction costs. Ultimately, it reflects the effective growth of capital or income generated through trading activities.


What is a distinct legal entity that can practically transact any business transaction that a real person could do?

A distinct legal entity that can practically transact any business transaction that a real person could do is a corporation. Corporations can enter into contracts, sue or be sued, own property, and conduct business in their own name, separate from their owners or shareholders. This legal status allows them to operate independently and limits the personal liability of their owners. Additionally, corporations can raise capital through the sale of stock, facilitating growth and investment.


What are four phases of accounting explain?

Hi There,I guess you could get a detailed structure for the question by Googling!No matter, here you go with the explanation:1. Identifying and recording the transactions (Accessing the financial records, making amendments and reasoning)2. Transaction classification (Sorting out the transaction accordingly)3. Presentation and communication (Accountant communicates by presenting the data in a document say spreadsheet, etc)4. Interpretation / decision making (Determining the business stand point for future growth of the business)For more, you could also check out igsbookkeepingto know how an accounting/bookkeeping done effectively.


Tertiary sector decline growth?

growth

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