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متابعة

Concentration Banking helps in ?

<p><strong>(a) Reducing Idle Bank Balance,</strong></p> <p><strong>(b)Increasing Collection,</strong></p> <p><strong>(c)Increasing Creditors,</strong></p> <p><strong>(d)Reducing Bank Transactions.</strong></p>

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تم إضافة السؤال من قبل VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
تاريخ النشر: 2014/09/23
Sara Naeem
من قبل Sara Naeem , Trainee Finance officer , Wah Brass Mill

D is answer its helps to reduce the complexity that organization faced due to lots of transaction with multiple banks..so in concentration of banking means company  only deals with1 bank not with multple banks..

Ashish Toms
من قبل Ashish Toms , Assistant Manager- MIS (Investments) at Landmark Group , Landmark Group

Concentration banking not only helps in the central control of the funds but also helps in reducing the number of transactions that may be required to transfer funds from different bank accounts to the main account. This saves cost, time and effort. This also helps in more effective utilization of funds. Hence the answer should be (a) & (d).

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