The current account reflects the frequent occurrence of domestic and foreign projects, including trade balance (i.e. import and export), labor income and expenditure (such as pport, port, communications and Tourism) and unilateral pfer (e.g. remittance, gratuitous assistance and donation, inter n...
Usually banks don't offer any interest on the deposits in Current Account. Now-a-days some banks have started offering an interest on current account deposits but the rate is very low. Minimum Account Balance (MAB) Requirement for Current Account A higher Minimum Account Balance needs to be m...
What is a current account? A current account is a bank account designed to manage your income and day-to-day spending. You can use a current account for: paying your bills receiving your salary, benefits, pension and other payments
it also includesreporting and analytics capabilities. These prebuilt dashboards help finance leaders make sense of their organization’s financial health and drill down for more detailed information. These dashboards measure critical financial KPIs in real time, including current ratio, quick ratio, ...
By default, a locked account is automatically unlocked after 5 minutes. You can wait until the account is automatically unlocked, and enter the correct user name and password to log in to the device again. You can also log in to the device using the CLI mode when the account is locked,...
Accrual accounting is the recording of a financial transaction by a firm at the time a sale takes place, not when the money reaches the bank account. This method allows the firm to account for all sales, cash and credit, in that month’s figures, giving a clearer picture of the financial...
1、According to the above analysis, it is obvious that the trend reflected by the chart will sustain for some time in the future.2、Taking into account what has been discussed above, we may safely come to the conclusion that the current situation will continue in the forthcoming ...
What does it mean to be an account receivable? An account receivable refers to the money owed to a business by its customers for goods or services provided on credit. It represents a financial asset and is recorded as a current asset on a company's balance sheet. ...
A current account surplus is a positive current account balance, indicating that a nation is a net lender to the rest of the world.
is a net lender to the rest of the world, while a negative current account balance indicates that it is a net borrower. A current account surplus increases a nation's net foreign assets by the amount of the surplus, while a current account deficit decreases it by the amount of the ...