Ancillary Services of the Bankers
by Ancillary services are other services that banks offer to common men along with the necessary …
Tag: Advanced Accounting Notes
Bill Discounting and Purchasing
Bill Discounting Bill Discounting is a method of trading the bill of exchange to the …
Right and Liabilities of Parties
Right of Parties Conduct of business Can express opinion Access, inseption, copy Equality of Profits …
Promissory Notes, Bill of exchange and Cheque
Negotiable Instruments are written contracts whose benefit could be passed on from its original holder …
Characteristics of Negotiable Instrument
Property The possessor of the negotiable instrument is presumed to be the owner of the …
Loan Amortization
An amortized loan is a loan with scheduled periodic payments that are applied to both …
Time Value of Money, Present, Future Value of Money
The time value of money is generally a principle within a financial theory which states …
Right and Liabilities of Paying and Collecting Banker
The following are the rights of a collecting banker: The banker should present the cheque …
Dishonours of cheques
Where any cheque drawn by a person on an account maintained by him with a …
Presentment
The written notice taken by a grand jury of any offence, from their own knowledge …