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Yogita Ingle 5 years, 1 month ago
Real Time Gross Settlement System (RTGS) | National Electronic Fund Transfer (NEFT) |
1. RTGS is a fund transfer system where transfer of funds takes place from one bank account to another bank account in real time. | NEFT is a electronic fund transfer system, the system provides with transfer of funds to other bank accounts in various branches over the country. |
2. The minimum amount that can be remitted is Rs 2 lakh per transaction. There is no upper limit for RTGS transactions. | There is no minimum and maximum limit for NEFT transactions. |
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Yogita Ingle 5 years, 1 month ago
Private sector |
Public sector |
The private sector refers to all those occupations and economic activities which are owned and controlled by individuals. |
The public sector refers to all those occupations and economic activities which are owned and controlled by the government. |
The main aim of the private sector is to earn profits. |
The main aim is not only to earn profits but also to provide key services to the people at low costs. Hence, the public sector may incur loss. |
Demand and supply of market forces determines the production activity. |
The government takes the major decisions in the production |
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Sia ? 5 years, 1 month ago
Cash credit is a type of short term loan provided to companies to fulfill their working capital requirement. | Overdraft is a facility given by the bank to companies, to withdraw money "more" than the balance available in their respective accounts. |
Pledge or hypothecation of inventory. | Assets like financial instrument and property. |
Cash Credit Account | Current Account |
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- Rate of dividend payable on preference shares is higher than the rate of interest on debenture
- The claim of equity shareholders over assets of the company is affected by the issue of preference share capital.
- Investors willing to take risk and earn higher returns do not prefer preference shares.
- Since dividend paid is not deductible from profits as expense, there is no tax saving as in case of interest on debentures or loans.
- There is no consistent return for the investors because the dividend is payable to the preference shareholders only when the company earns profit.
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Sia ? 5 years, 1 month ago
- Personality of the managers: the managers should be very good.he should have the pleasant personality. he also should have managerial skills, intillegence, good communication etc.
- Well-defined objectives: the business should have its own objectives.so,that the activities on the organization can be easily carried out.it helps in achieving organizational goal.
- Proper planning and policy: proper planning and policy should be made so that the company can achieve its goal without any difficulty.
- Adequate finance: adequate finance is required to perform the day to day activities like buying and selling of the goods in the company.to operate the business activities adequate finance is inevitable.
- Proper location, size: the business should be started in proper location so that all the required physical features can be achieved easily. so that the organizational goal can be easily achieved.
Posted by Thakur Harshita Singh 5 years, 1 month ago
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Sia ? 5 years, 1 month ago
Business planning helps to improve your work productivity by ensuring you to stay in a right track of your goals. It also helps you to predict the road block you may get in your business success which helps to keep the solution ready for the problem you are going to face in the future.
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