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Banking

What is Credit Limit? The credit limit of a credit card refers to the maximum amount of credit a bank or other lender will...

Banking

Plastic money, that is, credit cards and debit cards, has been increasing in use in recent times. Many people prefer to use credit and...

Banking

Financial stability is commonly regarded as the foundation of any organisation. When a business is involved in sales or purchases, it is necessary to...

Banking

What is a Cancelled Cheque A cheque with two parallel lines drawn across it with the word “CANCELLED” written in between is called a...

Banking

What is Bank Reconciliation Statement? A bank reconciliation statement means nothing but a summary of business and banking activity that reconciles an entity’s bank account...