If the due date of a bill is after the closing date of accounts, then interest from the date of closing to the due date is written in the appropriate side of the Account Current as ______
In an Current Account, interest is calculated on the amount of a bill from the date of transaction to the closing date of the period concerned. In case the due date of the bill falls after the closing date of the account, then no interest is allowed for that period. However, it is customarily followed that interest from the date of closing to the due date is written in red ink in the appropriate side of the Account Current. This interest is called Red-Ink Interest. This Red-Ink interest is treated as negative interest.
Sale of a security that is not owned by the seller is called?
__________ is going to set up a branch office in the International Financial Services Centre, GIFT City, Gandhinagar, Gujarat that will enable the com...
The underlying asset of a derivative contract can be -
Match the following:
A) Merchant Banks P) For Foreign Exchange
B) Authorised Dealers (AD...
Match the following Five year Plans with their events
Five Year Plans Events ...
Which of the following statement/s is/are NOT correct about Limited Liability Partnership (LLP)?
i. LLP is a not a s...
Which among the following is/are the area(s) of operation regarding which complaints can be received by the Banking Ombudsman?
Which of the following reports is not released by the World Economic Forum?
Which is the first Indian company to be listed in NASDAQ?
Which of the following approach is not used for assessment of Operational Risk in Basel II?
i. Internal Rating ...