Explanation: ECS is an electronic mode of payment / receipt for transactions that are repetitive & periodic in nature. ECS is used by institutions for making bulk payment of amounts towards distribution of dividend, interest, salary, pension, etc., or for bulk collection of amounts towards telephone / electricity / water dues, cess / tax collections, loan installment repayments, periodic investments in mutual funds, etc.
Where are the fictitious assets shown in the financial statements?
This practice involves issuing shares at a value greater than their par value, thereby generating additional capital for the company above the original ...
The "equity theory" of motivation, proposed by J. Stacy Adams, suggests that individuals compare their input-outcome ratio with that of others to determ...
Which city ranked 350th in the 2024 Oxford Economics Global Cities Index?
In the preparation and presentation of financial statements, certain components are essential to provide a complete and transparent view of a company's ...
Consider the following Statements and choose the option with correct Statement.
I- Retail investors (individuals) will have the facility to op...
Which of the following forms a part of Risk Management?
In a securitization, the issuer of asset-backed securities is best describes as the:
What does the two way rates quoted as 1$=82.10/11 ₹, mean?
Net interest position of the bank has which of the following characteristics?
