Business
Card Based Payments
Card Based Payments Card-based payments are made by using a credit card or a debit card or an ATM Card. Major advantages of card payments…
Banking
Business
Demand Drafts
Demand drafts are used when one person wants to send or transfer money (remit) to another person who is in another city. The person wanting…
Business
Collection procedure of a Cheque
Collection procedure of a Cheque A cheque is an instrument in writing containing an unconditional order, addressed to a banker, sign by the person who…
Business
Distinguishing features between bill of exchange and promissory note
A promissory note is a financial instrument that contains a written promise by one party to pay another party a definite sum of money either…
Business
Common Objective and Types of Cheque
A cheque is a negotiable instrument. It changes hands very easily. This creates a problem for the banker. He runs a risk. The customer is…
Business
Who can Cross a Cheque?
A crossed cheque is a cheque that has been marked to specify an instruction about the way it is to be redeemed. A crossing is…
Business
Promissory Note
A promissory note is a financial instrument that contains a written promise by one party to pay another party a definite sum of money either…
Business
Method of Credit Control by Central Bank
Method of Credit Control by Central Bank Credit control is the system used by a business to make certain that it gives credit only to…
Business
Notary Public
A Notary Public is an official of integrity appointed by state government – typically by the secretary of state – to serve the public as,…
Business
Credit Control
Credit control is the system used by a business to make certain that it gives credit only to customers who are able to pay, and…
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