Question

Mahesh Time Machines Ltd. is engaged manufacturing electronic watches in Delhi. company received an order for supply of 600watches from Karan electronic in Madhya PradeshAs the amount of payment is more than Rs. 3 lakh Karan Electronic decided to transfer the funds
directly from their bank account through the mobile application. Now-a-days due to these services the
customers do not need to go to the bank every time.He has to transact with bank.On the basis of the given information about Mahesh
Time machine Ltd. answer the following questions:
(a) State the service of bank through which Karan
Electronic has transferred the funds directly
from his bank account.
(b) Explain the benefits of this service available to customers.​

Answer 1

Mahesh Time Machines Ltd. is engaged manufacturing electronic watches in Delhi. company received an order for supply of 600watches from Karan electronic in Madhya PradeshAs the amount of payment is more than Rs. 3 lakh Karan Electronic decided to transfer the funds

directly from their bank account through the mobile application. Now-a-days due to these services the

customers do not need to go to the bank every time.He has to transact with bank.On the basis of the given information about Mahesh

Time machine Ltd. answer the following questions:

(a) State the service of bank through which Karan

Electronic has transferred the funds directly

from his bank account.

(b) Explain the benefits of this service available to customers.

don't know the answer