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Escrow is an account separate from the mortgage account where deposit of funds occurs for payment of certain conditions that apply to the mortgage, usually property taxes and insurance. The escrow agent has the duty to properly account for the escrow funds and ensure that usage of funds is explicitly for the purpose intended.
This file is in PDF format. Portable Document Format ( PDF ) is a file format created by Adobe Systems for document exchange. PDF is used for representing two-dimensional documents in a manner independent of the application software, hardware, and operating system.
To understand the actual value of sales, one must net the contras against sales, which gives rise to the term net sales (meaning net of the contras). [34] A more specific definition in common use is an account with a balance that is the opposite of the normal balance (Dr/Cr) for that section of the general ledger. [34]
Among other things, the value of Ke and the Cost of Debt (COD) [6] enables management to arbitrate different forms of short and long term financing for various types of expenditures. Ke applies most prominently to companies that regularly generate excess capital (free cash flow, cash on hand) from ongoing operations.
The Long Term Pass card is issued with a date of expiry, conditional on the card holder holding a valid passport. From 27 February 2023, ICA ceased issuing physical Long-Term Pass cards. Only digital Long-Term Passes are issued to ICA-issued Long-Term Visit Pass holders and Student’s Pass holders, and Dependant’s Pass holders granted by the ...
The imprest system is a form of financial accounting.The most common is petty cash. [1] The basic characteristic of an imprest system is that a fixed amount is reserved, which after a certain period or when circumstances require, because money was spent, will be replenished.
The Tamil Nadu Industrial Investment Corporation Limited (TIIC), is a government company incorporated under the Indian Companies Act 1913 and continues to be a government company under the Companies Act, 1956. The authorized share capital of the company is ₹300 crores and the paid-up capital of the company is ₹283.4956 crores [2]
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