Answer / tomson

current account is an account which is opened
with a bank in the name of a firm.

Answer / ullas patil kulkarni

The account which is opened by business people but not an
individual. the main purpose to open this account is the
current accont holders get over draft facility when they
need money for business purpose.
Annual fee is charged by the Bank on this account.

what is service bill and what is the nature of this bill how handle in a firm and how treat thi type entry in tally FOR EXA. SERVICE CHARGE AMOUNT IS = 1500 ADD SERVICE CHARGE @10.3 = 154.50 ADD SURCHARGE @2% ON SERVICE CHARGE = 3.90 ADD CESS EDUCATION TAX 1%ON SERVICE TAX= 0.0309 TOTAL AMOUNT =

3 Answers  

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Can you please help me calculate the pre tax profit for credit card for 2014 using the following Assumptions. Request you to list the steps used. Charges Late fee £12 per occurrence Over limit fee £10 per occurrence Cash fees 3% of cash withdrawal value Annual Fee £25 per account, per year Interchange 1% of transaction value KPIs Accounts overdue 10% per month Accounts over limit 15% per month Average APR 30% Balances revolving 90% of balance Average balance £900 at end of 2013 Expected growth in average balance (2014) 10% per annum Assumptions Open accounts 200,000 at 2013 year-end New accounts booked 5,000 per month Annual operating cost £50 per open account Cost of Acquisition £50 per account Provision rate 9% of total balances Annual cost of funds 4% by balance Charge off Unit charge-off rate in 2014 11% of accounts at 2013 year-end Unit charge-off rate in 2014 0% of accounts booked in 2014 Post charge-off recoveries 20% of balance Account Transactions Monthly turnover 5% of total month end balances Cash advances 20% of monthly turnover Additional Assumptions Please state any additional assumptions you have made to calculate your answer Thanks in advance,

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Pls Give me Solution for me. Bcz i m persuing b.a iii But now i m working in accounts . So what i do In future .

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Are WCT applied on Labour supplied contractos ? If yes what percent

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company's total overhead expense is containing which are the expenses? Definition of overhead expense.

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What is JJ form? and it's uses

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Differents between Equity Share and Preference Share Capital?

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