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What are depository institutions?
Depository institutions: intermediaries along with an important proportion of their funds derived through customer deposits as consists of: commercial banks, credit unions and savings institutions.
Commercial banks:
It accepts deposits (liabilities) to create loans (assets) as well as to buy government securities.
Credit unions:
These are non-profit institutions mutually organised and also owned through their members (depositors).
Contractual savings institutions:
Contractual savings institutions obtain funds at periodic intervals onto a contractual basis.
Type of Partnerships There are two main kinds of partnerships. Namely: Ordinary Partnership - An ordinary partnership is one in which all members have unlimited liability.
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what is bank draft?How it can be prepared?
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XYZ Ltd. has an average selling price of Rs.10 per unit. Its variable cost are Rs.7 , and fixed cost amount to Rs.170000. it finances all its assets by equity funds. It pays 35% ta
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Some of the policies decided by the proprietor are: 1) Time of operating the business 2) Promotion through advertising or special offers 3) Dealing with suppliers and cus
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