Group 2 advance accounting

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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..

Nikhil Kaushik

Nikhil Kaushik (Expert)
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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.

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