Remittance
Remittance refers to the transfer of money from one place to another, usually by an individual or business to a recipient in another country or location. Remittance can be in…
What is bank cash book, its objective and importance? What factors should be considered while preparing Bank cash book? Describe.
Bank cash book A bank cash book is a multi-ledger column or financial journal that records cash receipt and loan disbursement including bank deposit and withdrawals in form of…
Reward & Punishment
Reward and punishment are two concepts that are often used to influence behavior in individuals or groups. Reward refers to something positive or desirable that is given or received as…
What is Bank draft and Bank overdraft? Discuss the differences between Bank Draft and Bank Overdraft?
Bank Draft Bank draft is a payment instrument whose funds are guarantee by the banks or financial institutions. A bank draft is a cheque which is used to…