0
What else can I help you with?
Is 1.26 current ratio good?
It depends on the nature of business as well as the capital intensity of the business if business is capital intensive the high current ratio required otherwise it is not required to maintain high current ratio
What are the benefits of business current account?
A business current account has several benefits including allowing the business to move money in and out of the account in real time. It allows the company to pay for things it buys and also to pay in income from things it sells.
Why do business people prefer a current account?
for regular transctions
Why do business people prefer the Current Account?
as there are no transaction limits, deposit limits as compared to savings account
Unearned revenue account is classified as a?
Unearned revenue account is classified as current liability as it is the revenue not yet earned by business.
What kind of information is usually required to open a business checking account?
Your social security number and tax ID are required to open a business checking account.
Is 1.26 current ratio good?
It depends on the nature of business as well as the capital intensity of the business if business is capital intensive the high current ratio required otherwise it is not required to maintain high current ratio
What are the benefits of business current account?
A business current account has several benefits including allowing the business to move money in and out of the account in real time. It allows the company to pay for things it buys and also to pay in income from things it sells.
How to arrive at core current asset?
it is minimum current assets required for business.
Why do business people prefer a current account?
for regular transctions
Is the interest on current account higher than that of the saving account?
Of course not,current account does not have any interest,due to the withdrawal of the money for business at any time.
Why do business people prefer the Current Account?
as there are no transaction limits, deposit limits as compared to savings account
Unearned revenue account is classified as a?
Unearned revenue account is classified as current liability as it is the revenue not yet earned by business.
How do you do export and import business from India?
You have to have a company in India which should have a reg. office. This will make you eligible for applying for IMPORT/EXPORT license. A current bank account is also required along with company details.
Does an LLC have to have a business bank account in order to operate legally?
Yes, an LLC is required to have a separate business bank account in order to operate legally and maintain the limited liability protection that the business structure provides.
Is it possible to open a business account without an EIN?
No, it is generally not possible to open a business account without an Employer Identification Number (EIN). An EIN is a unique identification number assigned by the IRS to businesses for tax purposes, and it is typically required by banks when opening a business account.
How long does it take for a check to deposit into a Wells Fargo account?
When one makes a deposit into a Wells Fargo account before the cut-off time on the current business day, the amount will be credited to the account on that same business day. If it was deposited after the cut-off, or on a non-business day, the amount will not be credited to the account until the next business day.
