Neharani's Profile
Trainee
116
points

Questions
5

Answers
15

  • Trainee Asked on December 9, 2014 in Credit Cards.

    Credit limit is refers to maximum amount a credit card company will allow someone to borrow on a single card.

    • 1935 views
    • 5 answers
    • 2 votes
  • Trainee Asked on December 9, 2014 in Stocks and Bonds.

    A debt asset in which an investor loans money to an entity that borrows the funds for a defined period of time at a fixed interest rate.

    • 2051 views
    • 7 answers
    • 0 votes
  • Trainee Asked on November 19, 2014 in Funds.

    KYC full form is know your customer. This is the short term form that has to fill one time. According to the rules of RBI it is compulsory process to fill for any security issue for mutual funds. Simply process you have to do fill simple from and xerox of  your id and address proof.

    • 740 views
    • 2 answers
    • 0 votes
  • Trainee Asked on November 19, 2014 in Taxes.

    According to the Section 14 of the Income Tax Act, there are 5 heads of income tax:-

    Salaries

    House Property

    Profits and Gains of Business or Profession

    Capital Gains

    Other Sources

    Total income comes under these 5 heads of income is then added to the tax return.

    • 716 views
    • 1 answers
    • 0 votes
  • Trainee Asked on November 19, 2014 in Banking Services.

    General ledger account is an account that contains record of balance sheet and transactions related to income statements. For example it includes the Investments, Equipments, Cash, Land, and Account Receivable Inventory.

    • 584 views
    • 2 answers
    • 0 votes
  • Trainee Asked on November 19, 2014 in Taxes.

    An account mention on company balance sheet that is a result of temporary differences between the company’s accounting and tax carrying values, the anticipated and enacted income tax rate, and estimated taxes payable for the current year.This liability may or may not be realized during any given year, which makes the deferred status appropriate. In simply it is the liabilty tax ttaht never be paid, or is paid at a later date. Large sum with Customs & Excise as items are come under Deferred Tax Liability.

    • 697 views
    • 2 answers
    • 0 votes
  • Trainee Asked on November 18, 2014 in Financial Planning.

    Many family protection insurance are available in market like Whole life Insurance, LIC’s Anmol Jeevan II, LIC’s Amulya Jeevan II and many more. You can choose any one of these and make your life and your family protected for whole life.

    Document required:
    Age Proof: School Leaving Certificate, Passport, Pan Card, Driving License
    Address Proof: Passport, Utility Bills (like Telephone Bill, Postpaid Mobile Bill, Credit Card Bill), Rental Agreement etc
    Photo Identity Proof: Passport, Pan Card, Driving License, Voter’s/Election Card etc.
    Income Proof: Form 16, Income Tax Returns, Salary Slip
    One Passport sized Photograph
    Cheque towards the Premium

    • 708 views
    • 1 answers
    • 0 votes
  • Trainee Asked on November 18, 2014 in Money Managers.

    Hedge funds are most often set up as private investment partnerships that are open to a limited number of investors and require a very large initial minimum investment. Investments in hedge funds are illiquid as they often require investors keep their money in the fund for at least one year.

    A private equity firm is an investment manager that makes investments in the private equity of operating companies through a variety of loosely affiliated investment strategies including leveraged buyout, venture capital, and growth capital.

    Private equity firms and hedge funds are like in that both invest from a leveraged pool of capital normally contributed by limited partners; both compensate the management team based on a percentage of profits (typically 20%) as well as charge a fee on assets under management (typically 2%); and both are lightly regulated (as of this writing).

    • 782 views
    • 2 answers
    • 0 votes
  • Trainee Asked on November 18, 2014 in Personal Finance.

    In 1778 highest year-over-year inflation rate observed was 29.78%. Inflation is calculated using the yearly change in the consumer price index (CPI), which was first introduced in 1913. Since the beginning of the CPI, the highest inflation rate observed was 19.66% in 1917.

    • 740 views
    • 1 answers
    • 0 votes
  • Trainee Asked on November 18, 2014 in Personal Finance.

    If you have bad credit then balance transfer is not the good way to avoid late payments. Transfer can takes place about two weeks. Your current balance is hold by card company before transfer it to the new card. From you initially thought all interest rates and fees on new card costs more to transfer balance. Late payment is always invalidate introductory rates,

    • 824 views
    • 1 answers
    • 0 votes