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What is a Mutual Fund?

Mutual fund is process of pooling the resources by issuing units to the investors and investing fund...

What is Trust Receipt (TR) ?

Goods pledged as security or covered under a bill purchased, can be given to the borrower against a ...

What is Quasi Equity ?

Certain items though not contributed by owners can be considered under NW or capital to improve DE R...

Define Acceptnace in Banking

This is drawee? acknowledgement of the LIABILITY on a BILL OF EXCHANGE, in writing on the instrument...

Define Arbitrage

The simultaneous purchase and sale transactions in a security or a commodity, undertaken in differen...

What is Accrual Basis ?

A method of accounting that recognizes revenues and expenses as they accrue, even though cash would ...

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