NEFT stands for National Electronic Funds Transfer. It is an electronic payment system that is maintained by the RBI and enables funds to be... View Article
NACH stands for National Automated Clearing House. It is a centralised system developed by the NPCI (National Payments Corporation of India) that... View Article
UPI stands for Unified Payments Interface. It is a type of instant payment system that was developed by the NPCI (National Payments Corporation... View Article
The difference between loan and cash credit is that cash credit is a type of short term loan while loan in itself can be of many types and of... View Article
Yes, cash can be withdrawn from the CC (Cash credit) account, but there are certain limitations on the amount that can be withdrawn. Also read:... View Article
CCL stands for Cash Credit Limit. Also read: Difference Between Cash Credit and Overdraft Difference Between Shares and Debentures What Are... View Article
CC and OD are two different forms of credit that are offered by banks to their customers. CC stands for cash credit, it is a form of short term... View Article
Equity refers to the capital that is invested in the business by the owners while shares are portions of the equity or the capital. Also read:... View Article
The minimum size of an IDR issue should not be less than ₹50 crores. Also read: Difference Between ADR and GDR Adr American Depository... View Article
The features of IDR or Indian depository receipts are as follows: It is an instrument for foreign companies to raise capital from Indian... View Article
ADR or American Depository Receipts can be issued by a US depository bank. Also read: Difference Between ADR and GDR ADR American Depository... View Article
Sales ledger is the ledger in accounting that contains a record of all the accounts of customers and it records all those transactions involving... View Article
The following are some of the rules when recording a business transaction in the form of a journal entry: There should be two accounts one... View Article
