Question

Question: 5
Bank charges is allocated on the bases
of
Sale Ratio
Weighted Ratio
De
Time Ratio
None
s​

Answer 1

bank charges is allocated on the time basis

Answer 2

Answer:

Hence the correct option is Time Ratio

Explanation:

A bank charge is a particular amount charged or possessed by financial institutions, i.e., Bank. Bank charges on several services as:

1. For any specific transactions

2. For not maintaining a minimum amount balance

3. For the monthly provision

4. For cheque dishonored

5. For overdraft limits

A bank charge is possessed or imposed based on time period.

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