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Inward return is directly proportional to the outward clearing where funds crediting into customers account i.e;inflow of funds into customers account and cheque return due to reason for eg insufficient funds or say cheque stopped by the drawer etc....
Outward return is directly proportional to the inward clearing where funds are debiting from the drawee or payee account i.e;outflow of funds from customers account and cheque return due to reason insufficient funds or say cheque stopped etc....
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∙ 12y ago
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What is the difference between law of return to variable proportion and law or return to scale?
There is a big difference between both the laws.The basi difference between them is that i dont know 1st but i know the 2nd one
Difference between returns to scale and constant return to scale?
differentiate between returns to scale and constant return to scale
What is the difference between investment and expenditure?
An investment you expect a return, with the other, you don't.
Difference between marginal efficiency of investment and marginal efficicency of capital?
MEC is the expected rate of return on capital and MEI is the expected rate of return on investment.
What is the difference between bartering and borrowing?
To barter is to exchange some thing for a different thing (for example, if you give me a potato, I'll give you an apple). To borrow is to take something on a temporary basis, that you agree to return later. If you lend me your hammer, I will return it tomorrow.
What is inward and outward returns?
Returns inward: Faulty or wrong goods that the customers return back to business Returns outward: Faulty or wrong goods that business returns back to supplier.
When outward current and inward current are equal?
A: The answer is always. What goes out of a source of power the same power will return
Is return inward a liability?
yes return inward is a liability..therefore must be credited
What is the difference between the sales return and purchase return?
hhhh
Is return inward a current liability?
Yes
What is the difference between law of return to variable proportion and law or return to scale?
There is a big difference between both the laws.The basi difference between them is that i dont know 1st but i know the 2nd one
What is returns outward?
some times goods which have been purchased have to be returned to the supplier. they may be faulty, damaged or not what was ordered. these goods are known as purchase return or return outwards.
Is return inward credited in trial balance?
ya
Is return outward a current asset?
yes
What is difference between inward CLEARING and outward?
Assume you hold an account with HSBC, and you give a cheque to your friend who holds account with Citi . So a cheque drawn on HSBC MICR, gets deposited in Citi . Now HSBC Processing team receives the cheque from Citi processing team through clearing . This is Inward clearing of funds wherein HSBC checks signature, funds, stale or post dated details before clearing it or return it. On the other way, cheques drawn on other bank deposited in hsbc and the same sent by HSBC to drawn on bank through clearing is outward clearing.. These processes have now been automated using applications like ICCS - Image cheque clearing system. etc..
What is the difference between return on investment and return on assets?
They are one and the same and they are used interchangeably.
What is the other name for sales return or return inward?
Credit note issued
