1. What is credit and debit 2. What is bank reconciliation 3. Difference between Assets and Liabilities 4. What is revise letter of credit 5. What is collateral loan 6. What is Capital expenditure 7. What is operating Expenditure 8. What is Liquidity 9. Difference between AP and AR 10. Terms of life insurance

Question

Accepted Answer

A set of questions related to finance and insurance.

Credit is an increase in assets or decrease in liabilities, while debit is the opposite.
Bank reconciliation is the process of matching the bank statement with the company's records.
Assets are resources owned by a company, while liabilities are obligations owed by a company.
A revised letter of credit is an amendment to the original letter of credit.
Collateral loan is a loan secured by an asset, such as a house or a car.
Capital expenditure is an expense incurred to acquire or improve a long-term asset, such as a building or machinery.
Operating expenditure is an expense incurred in the day-to-day operations of a business, such as salaries or rent.
Liquidity refers to the ability of a company to meet its short-term obligations.
AP (Accounts Payable) is money owed by a company to its suppliers, while AR (Accounts Receivable) is money owed to a company by its customers.
Life insurance is a contract between an insurer and a policyholder, where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured.

Accepted Answer

What is the differenc credit and debit in
A credit increases your liability and equity accounts. But it decreases your asset and expense accounts. There is also a difference in how they show up in your books and financial statements. Credit balances go to the right of a journal entry, with debit balances going to the left. As mentioned, your goal is to make the 2 columns agree.

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A secured loan that allows the borrower to pledge any asset to seek a loan

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Ak thre ka prman patr h jo jankari dyeta h company novaak ko nichit money dyego

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Sampati hme bhaves me profit krati h lakin dendar nhi

Accepted Answer

Bank reconciliation mtlb paise smbndtk hr prakar ka solution krna

Accepted Answer

Credit mtlb acount me paise dalna or debit praise nikalna

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