what is Subsidiary bank
State what is meant by Subsidiary bank.
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Subsidiary bank is locally incorporated bank which is either completely owned or owned in the major part by foreign subsidiary. An affiliate bank is one which is partly owned, however not controlled through its foreign parent. Both the affiliate and subsidiary banks operate under banking laws of country into which they are incorporated. U.S. parent banks find the subsidiary and affiliate banking structures desirable since they are permitted in order to engage within the security underwriting.
Define the term Equipment in Accountancy? Why they are used?
what are the disadvantages of having adequate working capital?
The Webster Company uses the aging method to estimate the allowance for doubtful accounts. The following schedule of accounts receivable was prepared as at December 31, 20x6: Age Balance % uncollectible 0-30 days $674,000 0.5% 31-60 days 186,000 1.2% <
State Net Profit in brief?
Explain what you mean by Correspondent bank relationship.
The economic recovery is seemingly on track and in fact strengthened during the first half of 2010. The global financial market however, suffered a setback with the turmoil in sovereign debt markets leading to sharp currency movements. The extent of recovery varies ac
To transfer amounts from retained earnings to contributed capital through stock dividends. The effect is to decrease retained earning and increase the stock account. Stock dividends also permanently retain the earnings in the corporation by moving it out of the retain
What do you mean by the Gresham’s Law?
Project Accounting: It is sometimes termed to as job cost accounting and is the practice of making financial reports particularly designed to track financial growth of projects, which can then be utilized by managers to support project management.
Give a short introduction about the term ‘Fixed Overhead Variance’?
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