I. CREDIT OVERVIEW Credit is derived from the Latin word “credo” meaning “I believe.” Credit is when goods‚ services‚ or money is received in exchange for a promise to pay a definite sum of money at a future date. The lender “trusts” the borrower to repay the money. A lender is the person or organization who has the resources to provide the individual with a loan. A borrower is the person or organization that is receiving the money from the lender. When the privilege of borrowing has been extended
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m.Module 3 CAPITAL BUDGETING Meaning of Capital Budgeting :- Capital Budgeting is the process of making Decisions regarding long term investments in Fixed Assets which are not meant for sale. It is long range planning to employ the available capital for the purpose of maximizing the long term profitability of the concern. Definition of Capital Budgeting:- Prof I.M.PANDEY Defines Capital Budgeting as the firms decision to invest its current funds most efficiently in long term activities
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EXAMPLES OF ACCOUNTS FALLING UNDER EACH ACCOUNTING EQUATION ELEMENT: Current Assets Cash - A current asset account which includes currency‚ coins‚ checking accounts‚ and undeposited checks received from customers. The amounts must be unrestricted. (Restricted cash should be recorded in a different account.) Petty Cash Fund - A current asset account that represents an amount of cash for making small disbursements for postage due‚ supplies‚ etc. Notes Receivable - An asset representing the
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Job Description ----Account Payable---- General Purpose Perform accounting and clerical tasks related to the efficient maintenance and processing of accounts payable transactions. Main Job Tasks and Responsibilities ▪ review invoices and check requests ▪ sort and match invoices and check requests ▪ set invoices up for payment ▪ process check requests ▪ prepare and process accounts payable checks‚ wire transfers and ACH payments ▪ reconciliation of payments
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CREDIT APPRAISAL PROCESS IN BANK OF MAHARASHTRA A Summer Internship Project Report Submitted in partial fulfillment of the requirements of the PGDM (Post Graduate Diploma in Management) ITM BUSINESS SCHOOL‚KHARGHAR SUBMITTED BY: RACHANA SINGH CHANDEL (KHR2011PGDM21F216) UNDER THE GUIDANCE OF: Mr. Suhas V. Vaishampayam Mr. Narendra Jain Faculty Guide‚
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Collection When banks handle documents in order to obtain acceptance and/or payment‚ following the instructions given to them‚ this is called «collection». The exporter presents to his bank an application form with the documents attached. This bank makes out a collection order and passes it over to its correspondent bank in the country of the importer. The correspondent bank or some other bank may present the documents to the importer or pass them over to another collecting bank. This presenting
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Application of Normal mode calculations in optical spectroscopy | Phym 221 – Assignment 4 1. Introduction Normal modes are used to describe the different vibration motion in molecules. There are different types of modes for molecules in different motions and each has a certain symmetry associated with it. 2. Overview of Normal Modes Generally‚ normal modes are independent atoms in a molecule that are in motion such that they do not disturb the motion of the other molecules. Normal modes as implied
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INSTITUTIONALISING THE STRATEGIC ROLE OF CORPORATE COMMUNICATION/PUBLIC RELATIONS THROUGH ITS CONTRIBUTION TO ENTERPRISE STRATEGY AND ENTERPRISE GOVERNANCE Paper submitted to the 10th Annual EUPRERA Conference‚ to be held in Milan from 16-18 October 2008 by Benita Steyn Cape Peninsula University of Technology SOUTH AFRICA b.steyn@lantic.net and Lynne Niemann Cape Peninsula University of Technology SOUTH AFRICA lynne@boomtown.co.za Key words: Enterprise strategy‚ corporate governance
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Bank 2. To analyze and understand the financial position of ING Vysya Bank viz – a – viz competitors. 3. To study the Agri Business Banking Department of ING Vysya Bank and its practices. 4. To assess procedures available for Agricultural credit rating. ABSTRACT I did my summer internship in ING Vysya bank. It was a Agriculture and rural banking department and it is located at JK towers Amritsar‚punjab. On the first day I met the branch manager of the bank MR.Ramneeksingh. He assigned
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Similarities: Acquired by a business to gain profit or chances of investment Both current and non-current assets are recorded on the balance sheet Differences Current assets are intended for consumption of sale realised during a year Current assets is used for trading or transactions Current assest have direct results of the profit gained in the business such as bank balance Non-current assets are used for a longer duration (12 months) Non-current assets used for productive investment purposes
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