Question
Download Solution PDFThe account maintained by a businessman with his bankers is known as
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Current A/c. Key PointsThe account maintained by a businessman with his bankers is known as a current account. It is a type of bank account that is designed for businesses to make deposits and withdrawals on a frequent basis. Current accounts are typically used for:
- Making payments to suppliers and employees
- Receiving payments from customers
- Managing cash flow
- Overdraft facilities
- Reconciliation statements
Last updated on May 25, 2025
-> BPSC Senior Secondary Teacher, BPSC TRE 4.0 is to be conducted in August, 2025.
-> CTET/STET-qualified candidates can appear for the BPSC TRE 4.0.
-> The Bihar Senior Secondary Teacher eligibility is PG + B.Ed./ B.El.ED + STET Paper-2 Pass.
-> The selection process includes a written exam. To boost your exam preparation, refer to the Bihar Senior Secondary Teacher Test Series.