Bank PO Questions

A partnership is a form of business where two or more people share ownership.

India played its first One Day International (ODI) match in cricket in the year 1974. It played against England team in Headingley in Leeds. Ajit Laxman Wadekar led the Indian cricket team as the first ODI captain.

Accounts-receivable financing is a type of asset-financing arrangement in which a company uses its receivables — outstanding invoices or money owed by customers — to receive financing.

when a business sells its AR (accounts receivable) to a factoring company and receives short-term business funding in return, this is what called as Accounts Receivable Financing.

How it works ::

Business-to-business sales are often offered with payment terms of 30, 60 or 90 days.

The buyer receives the product, but doesn't submit payment until the mutually agreed-upon date.

The seller records the sale as revenues and increases the accounts receivable by the amount of the sale.

When the payment arrives, the seller decreases the accounts receivable and increases cash.

Accounts receivable financing allows the seller to get the cash immediately by selling the receivable to a third party. This is called factoring.

The part of neuron where information is acquired is called as Neuron.

Tax on professions cannot be levied by the union government in India.