The cheque which is issued with the two parallel lines on its face or without stating any word is called a crossed .....

An order cheque is the one, which is made payable to a certain person or order of the .....

A bearer cheque is the one, whose money is made payable to the person who presents it into the bank .....

The payee is the party who presents the cheque for payment. He is the person who receives money from the .....

The drawee is the bank. It is the party whom the drawer gives the order to pay the amount of the cheque to the person named on the cheque or his order or to the .....

A drawer is a person who signs on the cheque. He/she is also known as the depositor or cheque .....

The cheque is a written order issued by the depositor directing a particular bank to pay on demand of a certain person or to the bearer of the .....

The major objectives of establishing private development banks are to mobilize more financial resources and provide technology know-how needed for the establishment and expansion for private .....

The main objectives of establishing rural development bank are to provide micro-credit to the poor, encourage the poor to save, empower women and develop their leadership skills and create ample opportunities for .....

The bank which is established to provide microcredit services to the people of rural areas under group guarantee without collateral for the purpose of helping them to generate income is known as a rural development .....

Nepal Industrial and Development Corporation was established in 2016 B.S. under NIDC Act, .....

The objective of establishing industrial development bank is to ensure industrial credit to industrialist for the overall development of the industrial .....

The banking functions of development bank are as follows: Grants loan: It provides short-term, mid-term, and long-term loans in agricultural and industrial sectors against the security deposit. It grants a loan to purchase improved seeds, .....

The development functions of development bank are as follows: Establishment of industries, promotion and research of technology:The development bank looks forward to the technology required for the new industries, analyses the market, identifies the .....

Industrial development bank is the bank, which provides financial and technical assistance for the promotion and development of the industrial sector of the .....

The differences between central bank and commercial bank are as follows: Central Bank Commercial Bank Central bank is the bank of government. Commercial bank is the bank of general people. Central bank controls the monetary systems and .....

A commercial bank is regarded as the eldest financial institution in the history of banking. Commercial bank refers to the bank which accepts deposits of the public and organization and grants loan to them against securities and provide financial .....

Agriculture Development Bank (ADB) is established to grant agricultural credit to farmers and cooperatives for the overall development of agricultural .....

The bank, which is established to develop the agricultural sector of the country, is called Agriculture Development Bank .....

The full form of NIDC is Nepal Industrial Development .....

The bank which facilitates the economic sectors such as industrial, agricultural, rural, etc. by providing capital and technical assistance for their development is known as a development .....

Creation of credit is the process of providing loan by commercial bank to their .....

The central bank is the apex bank in a country. The central bank is a supreme banking institution which involves in controlling, supervising and regulating the activities of the commercial bank and other financial institutions. It is service motive .....

While examining the book of accounts for locating the errors, it would be better to follow some steps one after another serially to make the re-examination work easier and quicker. For this reason, the following steps should be followed for locating .....

Commercial bank refers to the bank which accepts deposits of the public and organization and grants loan to them against securities and provide financial services such as agency service, transfer of money, exchanging foreign currency, issuing .....

Credit control is the act of controlling under and overflow of .....

The central bank is the bank, which issues currency, controls the credit, exchanges foreign currencies, provides banking services and performs agency functions on behalf of the .....

Nepal Rastra Bank was established on 14th Baishak, 2013 .....

Accounting errors means the errors and mistakes which are committed in recording or posting the transactions due to carelessness, lack of accounting knowledge or bad intention of the staffs. On the basis of disclosure by trial balance, accounting .....

The agreement of the trial balance is not the complete evidence that the book of accounts is free from all accounting errors. It is because the trial balance cannot disclose all types of accounting errors. It means that there are certain types of .....

The suspense account is the temporary means for making the trial balance equal. It helps to adjust the difference amount and close the trial balance. It gives the way for preparing the final accounts in time.The suspense account is newly opened .....

Adjustment and closing of the trial balance is an artificial process of closing. It is the process of determining the difference amount of the trial balance and making it equal by inserting the suspense .....

The errors, which affect the agreement of the trial balance, are called the errors disclosed by the trial balance. The following errors can be disclosed by the trial balance: - Omitting to post in an accountWhile posting a transaction from a .....

Accounting errors means the errors and mistakes which are committed in recording or posting the transactions due to carelessness, lack of accounting knowledge or bad intention of the .....

The difference between horizontal filing and vertical filing are as follows: Bases of differences Horizontal Filing Vertical Filing Position of folders It is a system under which folders are arranged in a horizontal position. It is a .....

The act of keeping folders in a drawer in a standing position with the support of one another is called vertical filing. The following are the main disadvantages of vertical filing: It consumes more space as the folders are kept in standing position .....

The act of keeping folders in a drawer in a standing position with the support of one another is called vertical filing. The following are the main advantages of vertical filing: It discloses the position of all the folders at a glance. It ensures .....

The act of keeping folders in a drawer in a standing position with the support of one another is called vertical .....

Horizontal filing is also known as flat filing. It is such type of filing under which the files or folders are kept in drawers in horizontal or sleeping position. The following are the main disadvantages of horizontal filing: It is difficult to .....

Horizontal filing is also known as flat filing. It is such type of filing under which the files or folders are kept in drawers in horizontal or sleeping position. The following are the main advantages of horizontal filing: It is simple and can be .....

Horizontal filing is also known as flat filing. It is such type of filing under which the files or folders are kept in drawers in horizontal or sleeping .....

The act of collecting and preserving the letters and documents of the temporary nature in a box in a loose position is known as box filing. The following are the disadvantages of box filing: It is not suitable for large and modern organizations. It .....

The way of arranging files in a drawer or cabinet on the basis of geographical regions is called geographical classification of filing. Under this method, the files are arranged on the basis of town, district, zone, country, and continent. A .....

The way of arranging files in a drawer or cabinet according to the subject of the document is called subjective classification of filing. Under this method, the papers and documents are classified according to their subjects and filing is made on .....

The way of filing under which the files of the individuals or organizations are arranged in the drawer in the numerical order as 1, 2, 3, 4, etc. is called numerical classification of filing. Advantages It is possible to maintain secrecy under this .....

The way of arranging files or folders with the name of correspondents in drawers or cabinets in alphabetical order is called alphabetical classification of filing. Under this method, each folder bears the name of a correspondent and the folders are .....

The way of arranging files or folders with the name of correspondents in drawers or cabinets in alphabetical order is called alphabetical filing system.The following are the disadvantages of alphabetical filing: It creates confusion in arranging or .....

The systematic process of collection and preservation of all letters and documents relating to a particular case is called misil filing. The following are the main disadvantages of misil filing: It is unscientific, unsuitable and impractical to the .....

The systematic process of collection and preservation of all letters and documents relating to a particular case is called misil filing. The following are the main advantages of misil filing: It is simple to understand and easy to operate. It .....

The act of collecting and preserving the letters and documents of the temporary nature in a box in a loose position is known as box filing. The following are the main advantages of box filing: It is simple to understand and easy to operate. It is .....