Demand Deposit
Funds held in a bank account that can be withdrawn at any time without advance notice typically checking accounts. These are highly liquid and classified as current assets on the balance sheet. Businesses rely on demand deposits for everyday operations.
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Debentures
Debenture is a type of long-term debt instrument issued by companies to raise capital, typically backed by the issuer’s creditworthiness…
Draft
Draft is a written order from one party (drawer) to another (drawee) to pay a specific sum to a third…
Discount on Sales or Purchases
A reduction in the price of goods or services, either as a sales incentive (sales discount) or a reward for…
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