Commission received in advance is of the nature of
Commission received in advance is an example of a representative personal account. A representative personal account is a type of personal account used to record transactions with individuals or organizations on behalf of others. In this case, the commission received in advance represents an obligation to provide services to a specific client or customer in the future. As such, it is a liability owed to that specific client or customer, and is therefore recorded as a representative personal account.
The demand for bank notes is estimated by the Reserve Bank of India (RBI) using which of the following statistics?
In a financial year, an individual investor can invest can invest in the relaunched Kisan Vikas Patra up to a sum of
Which of the following is the 8 digit code and extended upto 11 digits?
Which of the Following T-Bills is not issued at present?
When was the Banking Regulation Act passed?
The meaning of Gilt – edged securities is
The first RRB was set up at
Which of the following is not a loan category under MUDRA scheme?
Against which of the following account a customer cannot take loan?
Consider the following statements-
1. Bond price and interest rate are positively related.
2. Bond price and interest rate are negati...
