Answer in one sentence.What is Deposit Repayment Reserve Account ? - Secretarial Practice

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One Line Answer

Answer in one sentence.
What is Deposit Repayment Reserve Account?

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Solution

Deposit Repayment Reserve Account is an account opened by company only for repayment of deposit money

Concept: Terms and Conditions for Acceptance of Deposits
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Chapter 5: Deposits - Exercises [Page 91]

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Balbharati Secretarial Practice 12th Standard HSC Maharashtra State Board
Chapter 5 Deposits
Exercises | Q 1. H) 8. | Page 91
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