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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.
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Answer in one sentence.
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Correct the underlined word and rewrite the following sentence.
Depositors are owners of the company.
Correct the underlined word and rewrite the following sentence.
Deposits are the internal source of financing.
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Deposit is a long term source of capital.
Arrange in proper order
- Renewal of Deposit
- Acceptance of Deposits
- Deposit Receipt
Explain the following term/concept.
Depositor
Explain the following term/concept.
Deposit
Answer in brief.
What precautions are to be borne in mind by the Secretary, while corresponding with Depositors.
Justify the following statement.
The Company Secretary should take certain precautions while corresponding with depositors.
State whether the following statements are true or false.
A Private Company can accept the deposits from the general public.
