Find the odd one:
i. Saving Deposit, Recurring Deposit, Cash Credit. Fixed Deposit
ii. Overdraft, Fixed Deposit, Discounting of Bills, Cash Credit
1 Answers
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i. A company usually opens ________ account in a bank. (a) Current (b) Saving (c) Recurring
i. (a) Current ii. (a) financial iii. (a) Board of Directors iv. (a) Board v. (a) Current vi. (a) Pay-in-slip vii. (a) Primary viii. (a) Fixed ix. (a) Savings x. (a) Current xi. (a) Fixed
2 Answers 1 views
Distinguish between the following: Fixed Deposit Account and Recurring Deposit Account.
2 Answers
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Overdraft as per Cash Book means debit balance as per Cash Book.
This statement is False. Overdraft as per Cash Book means credit balance as per cash book. Cashbook debit means deposits. When cash book debit balance is greater it means Bank Balance...
2 Answers 1 views
(i) Overdraft as per cash book means debit balance as per cash book.
(i) Normal bank balance as per cash book means debit balance as per cashback. (ii) The Bank column in cashback represents the business’s current account. (iii) The current account is opened by traders for day-to-day...
2 Answers 1 views
(i) Stock in trade, Bank overdraft, Bills receivable.
(i) Bank overdraft (ii) Interest on Loan (iii) Reserve for a discount on creditors (iv) Prepaid Expenses
2 Answers 1 views
(i) Loan, Deposit, Cash credit, Overdraft facility.
(i) Deposit (ii) Pay in slip (iii) Transfer of Money (iv) Buying and Selling of Securities
2 Answers 1 views
Santosh wants to invest a maximum of Rs. 150,000 in saving certificates and national saving bonds. Which are in denominations of Rs. 4000 and Rs. 5000
Correct Answer - `4x +5y le 150 and x gt 0, y ge 0`
2 Answers 1 views
Under a recurring deposit, a depositor is paid a lump sum payment after the period for which the deposit is made. This lump sum payment is called `"__
Correct Answer - Maturity
2 Answers 1 views
Tilka opened a recurring deposit account with a bank and deposited Rs. 600 per month for one year. Find the interest that. Tilak will receive, if the
Correct Answer - Rs. 234
2 Answers 1 views
A child puts one five-rupee coin of her saving in the piggy bank on the first day. She increases her saving by one five-rupee coin daily. If the piggy
Correct Answer - 19, ₹ 950
2 Answers 2 views