The Group Set by the Planning Commission of India to Suggest

question 25

Multiple Choice

The group set by the Planning Commission of India to suggest possible recommendations for increasing the share of the FTA.

• A)tourism fta group
• B)tourism working group
• C)tourism planning group
• D)tourism increasing group

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Definitions:

Accounts Payable

The amounts a company owes to its suppliers or vendors for goods or services received but not yet paid for; a liability on the balance sheet.

Collections Float

Float created while funds from customers’ cheques are being deposited and cleared through the cheque collection process.

Disbursement Float

Float created before cheques written by a firm have cleared and been deducted from the firm’s account. Disbursement float causes the firm’s own cheque-book balance to be smaller than the balance on the bank’s records.

Net Float

The difference between a firm’s disbursement float and collections float.