Group 2 advance accounting
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 May 2014
Sir / Madam
how to calculate cash reserve.
given cash reserve is 5.5% of demand and time liabilities.
what are demand and time liabilites....????
group 2 ipcc advance accounting..
how to calculate cash reserve.
given cash reserve is 5.5% of demand and time liabilities.
what are demand and time liabilites....????
group 2 ipcc advance accounting..
Nikhil Kaushik
(Expert)
13 May 2014
demand liabilities are the liabilities that the bank is required to pay back to customer as and when he/she demands. eg: balance in saving banks, current account etc
term liabilities are the liabilities that are payable after a fixed time duration eg: fixed deposits.
term liabilities are the liabilities that are payable after a fixed time duration eg: fixed deposits.
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