Chapter-1 Introduction Definition of banks In India‚ the definition of the business of banking has been given in the Banking Regulation Act‚ (BR Act)‚ 1949. According to Section 5(c) of the BR Act‚ ’a banking company is a company which transacts the business of banking in India.’ Further‚ Section 5(b) of the BR Act defines banking as‚ ’accepting‚ for the purpose of lending or investment‚ of deposits of money from the public‚ repayable on demand or otherwise‚ and withdrawal‚ by cheque‚ draft
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sINTRODUCTION What are Carbon Credits? A carbon credit (often called a carbon offset) is a financial instrument that represents a tonne of CO2 (carbon dioxide) or CO2e (carbon dioxide equivalent gases) removed or reduced from the atmosphere from an emission reduction project‚ which can be used‚ by governments‚ industry or private individuals to offset damaging carbon emissions that they are generating. How are Carbon Credits used? Carbon credits are associated with either removing existing CO2 or
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Debits & Credits In each and every accounting transaction‚ there are at least two elements (accounts) involved. These accounts are either debited or credited‚ with the amount that is reflected in the transaction‚ depending on the nature of the account (Real/Personal/Nominal) and the rule applicable to it. Golden universal rules of Debits & Credits Accounting elements are categorized into three groups; Real - examples are cash‚ equipment‚ furniture etc. Personal - Proprietor’s Capital
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Personal Response Essay While I was reading‚ “The Bureau d’Echange de Maux”‚ by Lord Dunsany‚ two emotions vivid emotions I experienced are anger and sadness. I felt these emotions because of how humans tend to not think carefully and end up regretting the choice they made‚ which is the main theme of this story‚ and how regret relates to my life. In the first part of the story‚ the protagonist goes to the Bureau d’Echange de Maux several times and begins to wonder about the trade of evils
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Introduction For each error‚ describe to a recently hired bookkeeper how it would be shown on a cash reconciliation. Given the following errors: ∑ The bank recorded a deposit of $200 as $2‚000. ∑ The company’s bookkeeper mistakenly recorded a deposit of $530 as $350. ∑ The company’s bookkeeper mistakenly recorded a payment of $250 received from a customer as $25 on the bank deposit slip. The bank caught the error and made the deposit for the correct amount. ∑ The bank
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Medication errors are preventable event that may cause or lead to inappropriate medication use or harm to a patient‚ according to the Food and Drug Administration (FDA‚ 2015). The Centers for Disease Control and Prevention states that there are over 700‚000 visits to hospital emergency as an injury result from the use of a medication (CDC‚ 2015). The CDC goes on to say that the number of adverse drug events is likely to increase due to the development of new medications‚ aging population‚ increase
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CREDIT RATING * A credit rating evaluates the credit worthiness of a debtor‚ especially a business (company) or a government. It is an evaluation made by a credit rating agency of the debtor’s ability to pay back the debt and the likelihood of default.[3] * Credit ratings are determined by credit ratings agencies. The credit rating represents the credit rating agency’s evaluation of qualitative and quantitative information for a company or government; including non-public information obtained
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What is credit policy ? Credit is temporary capital and the objective of credit is to lend with the purpose of increasing profits and sales. A sound credit policy in business is the blue print to managing by measurement and benchmark The question then arises is ’What is a Credit Policy and how does one write a Credit Policy for their specific nature of business operations? Writing an effective Credit Policy begins with an understanding of the financial exposure that you or your business can
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roofing contractor with a good reputation who is accredited by the Better Business Bureau or BBB. However‚ most articles fail to explain how the BBB and why it is beneficial to hire a commercial roofing contractor who is accredited by the BBB. Here are how the BBB works and what you are really getting when you hire a contractor with BBB accreditation and a great BBB score. How The BBB Actually Works The Better Business Bureau is an agency that provides accreditation to businesses within the United States
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I. CREDIT OVERVIEW Credit is derived from the Latin word “credo” meaning “I believe.” Credit is when goods‚ services‚ or money is received in exchange for a promise to pay a definite sum of money at a future date. The lender “trusts” the borrower to repay the money. A lender is the person or organization who has the resources to provide the individual with a loan. A borrower is the person or organization that is receiving the money from the lender. When the privilege of borrowing has been extended
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