What is a current account? Current Account is primarily meant for businessmen‚ firms‚ companies‚ and public enterprises etc. that have numerous daily banking transactions. Current Accounts are cheque operated accounts meant neither for the purpose of earning interest nor for the purpose of savings but only for convenience of business hence they are non-interest bearing accounts. In a Current Account‚ a customer can deposit any amount of money any number of times. He can also withdraw any amount
Premium Cheque Bank Debit card
Convertability on Capital Account The capital account‚ takes into account cross-border flow of funds that are associated with financial or other assets in the trading countries. For example‚ the direct and portfolio investments made by foreign investors‚ in India‚ are captured by the capital account balance of the BOP. The capital account also encompasses foreign investments of Indian companies‚ foreign aid and bank deposits of Non-resident Indians (NRI). Capital account convertibility implies
Premium Investment
slight increase in accounts receivable reflecting the timing of seasonal sales at the end of 2011 as compared with 2010. Although its primary credit risk concentrates on two clients‚ McLane and Wal-Mart‚ its accounts receivable turnover is increasing. It means Hershey’s collection ability is good. Accounts Receivable—Trade In the normal course of business‚ we extend credit to customers that satisfy pre-defined credit criteria based upon the results of our recurring financial account reviews and our
Premium Accounts receivable Balance sheet
Cash includes: currency and coins‚ checks‚ money orders‚ bank drafts and demand deposit accounts. Held for Trading Securities – Temporary investments of excess cash which are primarily held for short term gain. Loans and Receivables – include trade receivables and non trade receivables. Trade Receivables are claims against others which arise in the ordinary course of doing business. Examples are: Trade accounts receivable- these are claims against customers arising from the provision of services
Premium Accounts receivable Generally Accepted Accounting Principles Money
That’s why different financial institutions offering different return rates on their different depository schemes. Deposit having high maturity has high rate of return and those having low maturity has low rate of return. For instance the current account has very shorter maturity having offered no return‚ and saving deposits have high maturity offered high rate of return. The difference among the Islamic and conventional banking system can be judged on the basis of risk involvement. The Islamic
Premium Islamic banking Bank Finance
The account of “Canada before 1760‚”1 illustrates how life in Canada is often misinterpreted before this time. Misinterpretation often occurs due to the biased portrayal‚ as well as debates‚ on such topics as frontierism vs. metropolitanism‚ decapitation theory vs. changing masters theory‚ the significance of the roles played by the natives vs. the European colonists‚ and also the power religion had or did not have over the native peoples. Although‚ the opening sentence‚ in the account of Canada
Premium Canada Native Americans in the United States First Nations
Bartolome de Las Casa - A Brief Account of the Destruction of the Indies Preparer’s notes: 1) Though the original title does not appear in this version‚ this is (apart from the preface) a translation of: "Brevisima relacion de la destruccíon de las Indias"‚ by Bartolome de las Casas‚ originally published in Seville in 1552. 2) The original archaic spelling and punctuation has been retained] POPERY Truly Display’d in its Bloody Colours: Or‚ a faithful NARRATIVE OF THE Horrid and Unexampled
Premium Roman numerals Hispaniola
Report for Macroeconomics by Group 5 “Current Account Deficit – An Indian Perspective” Indian Institute of Management‚ Kozhikode Report by: GROUP 5: Aishwarya Kumar (063) Anirban Bhar (064) Anusha Acharya (071) Nimish Shah (110) Palak Bansal (097) Pratik Agarwal (101) Table of Contents Introduction 3 India CAD – Historical perspective (1991 – present) 7 Case Study 1 - US Current Account Deficit and the 2008 Financial Crisis 12 Case
Premium International economics Balance of payments Macroeconomics
Table 1: Aging Schedule of Accounts Receivable AGE OF ACCOUNT | BALANCE OUTSTANDING | % OF TOTAL BALANCE OUTSTANDING | 0-15 days | $ 20‚000 | 19.59 % | 16-30 days | 30‚000 | 29.39 | 31-60 days | 40‚000 | 39.19 | 61-90 days | 10‚000 | 9.80 | Beyond 90 days | 2‚071 | 2.03 | TOTAL | $ 102‚071 | 100.0 % | 2. To evaluate the credit quality of Aero-Strip’s accounts receivables portfolio‚ we turn to their average collection period (ACP) and aging of accounts receivable. Knowing the ACP
Premium Accounts receivable
following transactions were completed during April. (a) General Journal J1 |Date | |Account Titles and Explanation | |Ref. | |Debit | |Credit | |Apr. 4 | |Merchandise Inventory | |120 | | 840 | | | | | |Accounts Payable | |201 | |
Premium Accounts receivable Accounts payable Accounting software