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‚ and order or otherwise.’ This definition points to the three primary activities of a commercial bank which distinguish it from the other financial
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In the preparation of financial statements there are different formats used. Whatever formats used the results will be the same. There is no prescribed format for the preparation of the income statement. The company should select a method of presenting its expenses by either function or nature; this can either be as encouraged‚ on the face of the income statement‚ or in the notes. There are accounting standards such as IFRS (International Financial Reporting Standards) and GAAP (Generally Accepted
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constantly drags me to the grocery store with her at least four times a week for "bonding time" has allowed me to observe the different types of shoppers at my local grocery store. Usually‚ I end up buying Starbucks inside and sit observing the different ways people behave while shopping. It is quite interesting watching the way people walk down the isles and how they portray themselves. My observations have allowed me to distinguish three different types of shoppers that definitely caught my eye: the bargain
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the world. That is four percent of the global human population. With that being said‚ soccer is the most popular sport in the world. In every sport there are injuries and in soccer there’s no exception. Injuries are natural in sports and although there are ways to try to avoid them‚ it is not always possible. These players are at risk of many injuries‚ from not so severe to very severe. However‚ soccer players are affected by three different types of injuries. The first type of injury that affects
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Week 5 Checkpoint: Characteristics of Workers’ Compensation Plans The four types of Workers’ Compensation plans are: Energy Employees Occupational Illness Compensation Program‚ Federal Employees’ Compensation Program‚ Longshore and Harbor Workers’ Compensation Program‚ and the Black Lung Benefits Program. Each of these programs helps serve the employees of these specific groups when they are injured during a workplace accident. Each of these programs provide medical care‚ cash benefits for lost
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was just born and you are planning for his/her college education. Based on your wonderful experience in Financial Economics you decide to send your child to Hofstra University as well. You anticipate the annual tuition to be $60‚000 per year for the four years of college. You plan on making equal deposits on your child’s birthday every year starting today‚ the day of your child’s birth. No deposits will be made after starting college. The first tuition payment is due in exactly 18 years from today
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into one file (with three different parts) and submit hardcopies of it before 2.00 pm on 26 July 2013. Deadlines Part A of the assignment: draft to be shown before 14 June 2013 Part B of the assignment: draft to be shown before 28 June 2013 Part C of the assignment: draft to be shown before 12 July 2013 Final Submission of all of the three components (part A‚ B and C): You must submit all of the above components collated into one file (with three different parts) and submit hardcopies
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Project Free Cash Flows (dollars in thousands) Project number: 1 2 3 4 5 6 7 8 Initial investment (2‚000) (2‚000) (2‚000) (2‚000) (2‚000) (2‚000) (2‚000) (2‚000) Year 1 $ 330 $ 1‚666 $ 160 $ 280 $ 2‚200 $ 1‚200 $ (350) 2 330 334 200 280 900 (60) 3 330 165 350 280 300 60 4
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sliding. It is not used in practice because small area of contact surface results in high rate of wear at the edges due to which the transmission of motion may not be accurate as desired. B) Cylindrical cam with roller edge follower In this type of cam‚ the follower either reciprocates or oscillates in a plane parallel to the axis of the cam. In this a circumferential contour is cut in the surface of the cylinder‚ which rotates about its own axis. The follower rides in the groove of the cylinder
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would be called cord-cutters. There are three different types of cord-cutters but all have convenience and interest in common; they see what they want when they want. In many ways my friends and I are frugal cord-cutters. My best friend Beckah Jones has Hulu‚ she has Netflix as well. Not only do I have access to the account‚ two of my other friends do as well. I normally use her account. But my family has Netflix as well. Netflix alone allows four different people stream
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