Also most bank statements, at the end of the bank statement provide the details or full form or meaning of the acronyms used in the bank statement which help identify the nature of the transaction to the account holder and the bank for its purposes.Answer and Explanation: PGMIB is one such...
And if I think that your script's in decent shape, you'll have the confidence to finish the damn thing.in decent shape:状态良好柯林斯英语释义:If someone or something is in shape, or in good shape, they are in a good state of health or in a good condition. If they are in bad shap...
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...
a. Of what is the current account generally composed? b. Of what is the capital account generally composed? How many digits are in an SBI bank account? What is deposit money backed by? Which one is better option: Bank PO or Bank SO?
What is the aging method? How does the aging of accounts receivable determine bad debts expense? What is the allowance method? What is the days' sales in accounts receivable ratio? What is meant by reconciling an account? What is the Allowance for Doubtful Accounts? Related In-Depth...
As you walk into the bank, you’re faced with a choice: Current Account vs Savings Account. One will let you make frequent transactions easily; the other can help you grow your savings over time. Each has its unique benefits, but which one is best suited to your ne...
As current account is not meant for regular saving, interest on deposit in current account is not paid. More than one current account should not be opened for the same business entity. Account holder is required to maintain Minimum Average Balance (MAB) as prescribed by the bank. ...
What does it mean to say that a currency is overvalued or undervalued? What does the term "bank failure" mean? Explain what are the current account, capital, and financial accounts. What is meant by federal expenditure? What does the term Open Market Operation mean? What is its intended ef...
Explain what it means to perfect the bank's security interest in collateral. When lending to a small business owner, who is an owner/manager, what methods might the bank use to perfect its interest in What is meant by Asset/Debt Securitization? What are the risks...
Whole life insurance comes with substantially higher monthly premiums. It is meant to provide coverage for as long as you live. As the coverage matures, the policy grows in value, and the policyholder can withdraw for any purpose. Thus, it can serve as an investment product as well as an ...