What is the minimum period of time for which one can open an FD(Fixed Deposit) account ?

Correct Answer: The United States Federal Earned Income Tax Credit (EITC) is a refundable tax credit, that helps low and medium - income individuals and couples, primarily for those who have qualifying children

Correct Answer: The Accountant typically prepares the Bank Reconciliation Statement using all transactions Bank Reconciliation Statement : Bank reconciliation is a process which prepares a statement accounting for the difference between the cash balance in the cash account of a company and the cash balance according to its bank statement This statement can help a company to verify that its bank account ending balance per the bank matches the balance on hand per the company's general ledger

Correct Answer: Capital Adequacy Ratio

Explanation:

Capital Adequacy Ratio (CAR) is also known as Capital to Risk (Weighted) Assets Ratio (CRAR), is the ratio of a bank's capital to its risk.

 

1. The capital adequacy ratio (CAR) is a measure of a bank's capital.

2. It is used to protect depositors and promote the stability and efficiency of financial systems around the world.

3. National regulators track a bank's CAR to ensure that it can absorb a reasonable amount of loss and complies with statutory Capital requirements.

Correct Answer: Drop Ship refers to, a manufacturer shipping goods directly to one of its customers' customer (instead of delivering the goods to the customer that placed the order with the manufacturer) This concept of shipping goods is called as drop ship, drop shipping or a drop shipment

Correct Answer: Consigner is the person who is the owner of the goods and who delivers the goods to others(consignee) Whereas Consignee is the person who receives the goods and just holds the goods and will not be the owner

Correct Answer: All of the above

Correct Answer: Non-Performing Assets

Correct Answer: Ujjivan

Explanation:

Ujjivan Small Finance Bank Ltd, a wholly-owned subsidiary of Ujjivan Financial Services Ltd, has been given scheduled bank status by RBI.

Correct Answer: Supplier should follow the check list 1 He should create confidence in the client mind 2 Services to be done (fulfilled in time) 3 Services to be done according the specification of the client 4 He should be placed the another order by doing the above three steps

Correct Answer: Invoice holds are 2 types 1)Sytem Hold 2) User Defined Holds Sytem Holds: Sytem holds the invoice if the Invoice Amt total is not equal to Invoice Distribution Amt To release the hold correct the amount and again validate the invoice User Defined Holds: These is defined by user If we do want to make payments to the validated invoice Go to particular invoice and apply hold going to Holds tab