In case of issue of debentures as a collacteral security for loan taken from the bank, which account will be debited ? 

i. Current Account ii. Pass Book iii. IFSC (Indian Financial System Code) iv. Bank Reconciliation Statement v. Overdraft as per Pass Book

i. Agree ii. Agree iii. Agree iv. Disagree v. Disagree vi. Disagree vii. Disagree viii. Agree ix. Agree x. Agree

1. HDFC Bank 2. Air India

Correct option is: (B) Real Account

Correct option is: (A) Personal Account

(i) long (ii) Deferred Revenue (iii) Revenue (iv) Capital

Yesterday, I visited the IDBI Bank of India, Sangamer Branch. I collected the account opening form from Mr. Abhay Kulkarni Bank Officer. The following are the details to be filled in in...

(i) Bank statement (ii) Pay in Slip (iii) Credit (iv) overdraft

This statement is False.  Bank charges are expenses for the business. Expenses decrease the bank balance as per Pass Book. Bank charges debited by the bank decrease the bank balance as...

Correct Answer - Rs. 40.