Bank Clerk Questions

You should have recorded in your cash books all amounts you have actually received and payments you have actually made. However the cash books may be incomplete as your bank may have put extra transactions through your account such as:

► bank fees or interest charges
► direct debits (payments) and direct credits (receipts).

Doing a regular bank reconciliation will allow you to:

► take into account any extra transactions your bank puts through your account and
► check and record any errors or omissions.

By regularly doing a bank reconciliation (say monthly) you can be more confident that your records contain all the information you need to prepare your income tax return and activity statements.

Mitochondria is absent in Bacteria as well as in Blue Green Algae. They are seen in eukaryotic cells for respiration purpose.

Indore city was adjudged as India's Cleanest City for the third consecutive year as per Swachh Survekshan 2019.

The chemical name of common salt is Sodium Chloride with a chemical formula NaCl.

Nuclear binding energy is the minimum energy that would be required to disassemble the nucleus of an atom into its component parts. These component parts are neutrons and protons, which are collectively called nucleons.

Compounding interest means interest accrues on the interest charged and the principal amount each period the interest is charged.

Compound interest is calculated by multiplying the principal amount by one plus the annual interest rate raised to the number of compound periods minus one.The total initial amount of the loan is then subtracted from the resulting value.

The formula for calculating compound interest is:

[P (1 + i)n] – P

= P [(1 + i)n – 1]

(Where P = Principal, i = nominal annual interest rate in percentage terms, and n = number of compounding periods.)

Take a three-year loan of Rs. 10,000 at an interest rate of 5% that compounds annually. What would be the amount of interest? In this case, it would be:

Rs. 10,000 [(1 + 0.05)3] – 1

= 10,000 [1.157625 – 1]

= Rs. 1,576.25.

How it grows ::

Spongy, porous bone tissue is also called cancellous bone.

Cancellous bone is found in bones that aren't generally under significant stress like in the shoulder blades, ribs, parts of the skull, and at the ends of long bones.

Ctrl+Shift+F Opens the Font dialog box with the focus at the Font combo box.