golden rules of accounting?
how bank earn profit?

Answer Posted / vinothkumar s.s.

The main function of banks are accepting deposits from
public and lending the same. The difference in rate of
interest for acquiring deposit and lending loan is called as
"spread" and the same is the main source of income for
banks. Bank also getting income by agency function like
collecting chq, follwing standard instruction and other
utility functions.

Is This Answer Correct ?    41 Yes 12 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Give the balance sheet schedules ,what is differe tax, GIVE THE RATES OF DIFFERED TAX FOR THE YEAR 2008-09

1921


would gross expenditure vouch the correctness or otherwise of the given expenses?

1685


What is written off?

1749


WHEN IN ADJUST. GIVEN THAT THERE IS VALUE OF RS...., OBSOLESCENCE STOCK INCLUDED IN CLOSING STOCK RS.......,WHAT IS THE PROPER WAY TO SHOW IN INCOME STATEMENT AND POSITION STATEMENT.

1783


What are the stages involved while preparing business blue print with examples?

423






Define `Realisation` Account? Explain the salient features?

2682


Short Answer on ________Ad-Valorem Duties

1648


IS ACCOUNTING MBA AND FINANCE MBA SAME OR DIFRENT

1573


Dear sir,i have completed M.sc,MBA.STILL I AM NOT GETTING WELL POSITION .I THINK ON LOW BUGET ON COURSE TO IMPROVE MY POSITION IN FINANCE FIELD.

1701


Dear All, Please reply ASAP. I have an account with SBI and ICICI bank. I have mention the Authorised bank address of SBI in our Shipping bill and GR. But we have received the Payments in ICICI Bank. Please inform who are able to realise the Bank Realisation Certificate (BRC)ICICI or SBI. Can SBI are quolify for refuse for BRC Application. Please reply of this query on jani_janikalpesh@yahoo.com regards Kalpesh Jani 9978912950

2014


• What is depreciation and the method?

1680


Expand-------NBTA

1763


describe the most complex challenge that you have faced and how you managed it

1875


Expand BFSI

1752


How does the accounting treatment of a partner's salary differ from that of an employee's salary in a partnership?

1823