Paper receipts issued by goldsmiths were a form of money called

Q: The primary functions of the commercial bank include: a. Training employees b. Developing business…

A: The banks borrow in the form of deposits. This capacity is significant because banks mostly rely…

Q: How does International Financial Reporting standards affect companies that sell inventory?

A: International financial reporting standards (IFRS)  are considered to be a set of rules for the…

Q: Make a savings deposit using a teller

A: Customer arrives at the Bank

Q: Provide two examples of when an auditor might set a lower levelof performance materiality for a…

A: Let’s first understand the concept of auditing. We need to know that the financial statements are…

Q: A short-term promissory note issued by largecorporations is known asa. debenture agreement.b. equity…

A: A short-term promissory note issued by largecorporations is a written agreement which is between the…

Q: Analyze the conceptual framework of accounting and its role in guiding the preparation and…

A: The conceptual framework of accounting is a set of principles, assumptions, and concepts that guide…

Q: Write a 500 word essay on the analysis of the role of Basel Core Principals of Effective Bank…

A: The Basel Committee on Banking Supervision has concluded its study of Fundamentals and Methodologies…

Q: Explain briefly why cashflow management is difficult for shipping firms, especially during a…

A: Cash balance administration is the way to describe how much money a company enters and flows. This…

Q: Kofi Appau, managing director of Industrial Cleaning Services, had decided that a personal computer…

A: While a sales process is process through which the prospects goes through before becoming the…

Q: What duties does a customer have to his or her bank?

A: Banks are very important institutions that help in smooth running of the business. The primary…

Q: Explain the purpose of a four-column proof of cash. List twotypes of misstatements it is meant to…

A: In a bank reconciliation from one accounting cycle to the next, a proof of cash is simply a roll…

Q: How will you deal with the below mentioned situation if you are branch manager of the Bank. The…

A: A saving account is an account that bears interest at the deposit account held at the bank or any…

Q: How to financially manage and supervise the warehouse project to be built？

A: A warehouse is a physical location that is owned or rented by an organization to keep its goods and…

Q: Checks its inventory at the end of the month and finds a shortage of merchandise. If there has been…

A: Although the terms, larceny, burglary, extortion and mysterious disappearances are often used…

Q: Why might credit unions want to promote themselves as not being banks in the popular usage of the…

A: Credit unions are monetarist companies that offer outmoded banking services to their associates and…

Q: "When constructing a Statement of Cash Flows, which of the following actions would be considered a…

A: Increase in long-term bonds is considered a source of cash, because the reason for the increase…

Q: Tangible assets Fictitious assets Contingent assets Intangible ass

A: Assets that have physical existence are called tangible assets.Hence, this is the right…

Q: What are the most important features of computer payment methods that make e-commerce and m-commerce…

A: There are several important features of computer payment methods that enable and facilitate…

Q: Explain how payment processing is different for credit cards and debit cards.

A: Credit card is described as a thin plastic rectangular in shape and it allows the cardholders to pay…

Q: Businesses and people may keep essential assets during a liquidation petition. True O False

A: Liquidation is a process in which assets of the organization are sold to other businesses and people…

Q: Hi, I don't understand why you'd credit prepaid insurance if its an asset account which is debited…

A: Prepaid insurance is a financial instrument used to pay in advance for future insurance coverage. It…

Q: Explain the process of factoring. What is the value of factoring to a company that sells its…

A: When an enterprise buys debt from another enterprise, it is called factoring. It is in two kinds,…

Q: If all transactions and record keeping are done according to accounting standards, Triple D can do a…

A: Reconciliation is the method of coordinating transactions that have been reported internally on…

Q: If you have no need for immediate cash and you are promised a future sum from a very reliable…

A: The business cash can be defined as the money which is in the hand of the company for buying the raw…

Q: Explain a major disadvantage of different payment types for B2C transactions.

A: The list of things to consider regarding the business is never ending and what forms of payment…

Q: Discuss the pros and cons of a MNC having a centralized cash manager handle all cash management…

A: Centralized Cash ManagementPros:Reduced costs: By consolidating bank accounts and payments,…

Q: True or false? The lessee is the party who holds himself or herself out as having knowledge or…

A: There are two primary parties in an agreement to lease, and each money proficient has to realize how…

Q: Effective Management of inventories and Return on Investment

A: inventory management can be defined as the process of managing the inventory that includes the…

Q: Explain and describe the “bank's mandate” and its purpose. Explain six ways/senses in which the term…

A: Legal and regulatory refers to the framework of laws, rules, and regulations that govern various…

Q: Which one of the following functions that goldsmiths performed was most important in the development…

A: Goldsmith banking services initially began in the form of wealth storage such as gold and various…

Q: Give ways to secure your personal account, especially credit cards when purchasing online.

A: The following are the ways to keep the security of the personal account especially credit cards…

Q: Long-term debt typically describes debt that will mature in two years or more. Select one: O a. True…

A: Operation management in an organization aims at providing the highest efficiency possible. It…

Q: Can the waterfall model describe and develop the invoicing system? Why

A: The issue is creating a billing system from an operations management standpoint. Any firm that bills…