Answer Posted / jiban tripathy
CRR means cash reserve ratio.as per RBI guidelines all bank
has to keep certain percentage of customer deposit with
RBI.The said amount is regulated by RBI AND GIVES SOME
interest on such deposit . by this it can reflect strength
of nationalisaed banks.
| Is This Answer Correct ? | 2 Yes | 1 No |
Post New Answer View All Answers
Two months rent of Rs 25000/- was adjusted in Rental advance account at the time vacating office
Expand-------NABT
which are company offering jobs in PORTFOLIO MANAGEMENT ?
Define control account Thanks
How is the expenditure of developing a modified product treated?
Can I check my Vantage credit score range online?
we are in contraction business, we purchase raw material and paid tax on related material, suppose we want to bill to our party in WCT?
How can a company reduce profit
What is Accommodation Bill
how to do the finalise of account? what is the step? why we need to do like that?
how to mention last year profit of ay private limited company in current year balance sheet ?
From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.
How can you actualize cah flows of 5 years at 8%
Explain about Fluctuating Capital
Explain the word Liquidation