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What is a balanced category?

A balanced category is a category in which every bimorphism is an isomorphism.


What category of accounts is capital?

owners equity


Which category covers Delinquent Accounts and Account Usage?

Category 4: Card Status


What does not belong in the M2 category?

The M2 category includes cash, checking accounts, and easily convertible near-money assets like savings accounts and money market accounts. However, items like stocks, bonds, and other securities do not belong in the M2 category, as they are not considered liquid money or near-money assets. Instead, they are classified under different financial categories, such as investments.


On a balance sheet the accounts payable and salaries payable would fall under what category?

current liability


What is the function of authorized dealer foreign exchange?

AD Category "A" branches are authorised to maintain Foreign Currency Accounts and also open and maiontain NOSTRO Accounts. "B" categy branches handle trade and Service related transactions denominated in foreign currencies and Rupees and also operate the Nostro accounts. C Category branches handle trade and Service related transactions denominated in foreign currencies and Rupees but have report through a Link Office, B category branch................


Is accounts payable an asset?

Accounts Payable refers to the due against the company for services that the company may have received from suppliers. It's a liability and would fall under the category of 'current liabilities'.


Is accounts payable asset?

Accounts Payable refers to the due against the company for services that the company may have received from suppliers. It's a liability and would fall under the category of 'current liabilities'.


What is meant by error of principle?

Error of Principle occurs when one or both of the entries are posted to the wrong class or category of accounts.


On a balance sheet the accounts payable salaries payable and mortgage notes payable would fall under the category of?

Liabilities.


What does accounts receivable factoring entail?

Accounts Receivable entails balancing out invoices with cash and helping maintain a better balanced budget. Most people that handle such things are accountants who handle a company's financials.


Outstanding Accounts receivable have a negative effect on net cash on the balance sheet?

Outstanding accounts receivable have a negative effect on the balance sheet because they money has not been received and the budget is not balanced. There is more outgoing cash than there is incoming cash until the accounts are settled.