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INTRODUCTION Bill finance is one of the major activities of the Banks. Under this type of lending, the Bank takes the bill drawn by the borrower on his (borrower’s) customer and pays him immediately deducting some amount as a discount/commission. The Bank then presents the Bill to the borrower’s customer on the due date of […]
INTRODUCTION Accounting aims to ascertain the financial performance of a firm. To do so the transactions have to be identified as capital or revenue in nature. This will determine whether they are placed in the Profit and Loss Account or the Balance Sheet. Let us study about capital and revenue expenditure and receipts. EXPENDITURE Expenditure […]
Introduction To safeguard their advances, the bank accepts different types of securities during the lending and creates charges upon them. When land/buildings and fixed assets that are permanently fastened to the earth are offered as a security, it is charged by a mortgage in favor of a bank. When movable goods are offered as a […]
MEANING OF DEPRECIATION Depreciation is the reduction in the value of assets due to wear and tear. It is a method of allocation of the cost of the asset over its useful life. Every asset is subject to wear and tear in the normal course of its use and also over time. The cost of […]
Bank is an essential service sector organization. Customers play the most significant part in the bank. The customer is the one who uses the banking products and services and judges the quality of those products and services. A banking relationship is a contract between the Bank & the Customer. TYPES OF BANK CUSTOMERS During the […]
The concept of ‘Priority sector lending’ focuses on the idea of directing the lending of the banks toward a few specified sectors and activities in the economy. The term ‘priority sector’ indicates those activities which have national importance and have been assigned priority for development. These primarily include agriculture, small industries, etc. The case has […]