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Question
Explain the following term/concept.
Deposit Receipt
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Solution
The company accepts deposits in order to meet the short-term requirement of the company. The Deposit Receipt is proof of receipt of deposit. It is sent to the depositor within 21 days from the date of acceptance of deposits.
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RELATED QUESTIONS
Select the correct answer from the options given below and rewrite the statement.
Public Deposits are accepted to meet the requirement of ______ Capital.
Match the pairs.
| Group ‘A’ | Group ‘B’ |
| a) Depositors | 1) Fixed |
| b) Rate of Interest on Deposits | 2) Evidence of ownership |
| c) Deposit Receipt | 3) Debtors |
| 4) Creditors | |
| 5) Evidence of deposit | |
| 6) Fluctuating |
Write a word or a term or a phrase which can substitute the following statement.
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The ______ must be cautious and careful while writing letters to the depositors.
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Deposit is a ______ term source of finance of the company.
Answer in one sentence.
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Answer in one sentence.
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Answer in one sentence.
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Correct the underlined word and rewrite the following sentence.
Deposit is a long term source of capital.
Arrange in proper order
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- Acceptance of Deposits
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Arrange in proper order
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- Deposit Receipt
- Acceptance of Deposits
Explain the following term/concept.
Depositor
Explain the following term/concept.
Deposit
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Interest on Deposit
Justify the following statement.
The Company Secretary should take certain precautions while corresponding with depositors.
