Accounting and Finance Questions

Standard Chartered Bank 
Standard Chartered Bank have been operating in India since 1858.

Ujjivan Small Finance Bank Ltd, a wholly-owned subsidiary of Ujjivan Financial Services Ltd, has been given scheduled bank status by RBI.

There are three types of assets
1. Fixed assets     :
Those assets which will be used by the company for a long period of time.
a) Tangible assets: those assets which we can see and touch and exp Land & Buildings, Plant & Machinery,Furniture, fixtures and fittings
b) Intangible assets: Those assets which we can't see and touch like Goodwill, Patents, Copyrights, Trade Mark etc

2. Current assets  :
Those assets which can be easily converted into cash within one year like cash in hand, cash at bank, Bills receivable, stock etc

3. Fictitious assets:
its not the actual assets , its the expenditure occurred at the tine of commencement of firm ( capital expenditure )like preliminary expenses, discount on issue on debenture/shares, underwriting commission etc

Overdraft protection is a service that is provided by a bank to their customer. For instance, if you are holding two accounts, saving and credit account, in the same bank. Now if one of your accounts does not have enough cash to process the cheques, or to cover the purchases. The bank will transfer money from one account to another account, which does not have cash so to prevent check return or to clear your shopping or electricity bills.

Automatic payments batch means auto payment is done on the bases of the batch, which u created for the payment of particular pay group etc.

Automatic payments means auto payments is done on the bases of single transaction u selected base for the payments

Issues related to AR
1. Invoice discrepancies / no proper documents
2. Services / goods delivered not satisfactory
3. Customer do more negotiation even your invoice as per agreed terms and conditions
4. Very Important issue if no proper follow up from your side my result you receivable to Bad Debts