Register now or log in to join your professional community.
<p><strong>(a) Reducing Idle Bank Balance,</strong></p> <p><strong>(b)Increasing Collection,</strong></p> <p><strong>(c)Increasing Creditors,</strong></p> <p><strong>(d)Reducing Bank Transactions.</strong></p>
D is answer its helps to reduce the complexity that organization faced due to lots of transaction with multiple banks..so in concentration of banking means company only deals with1 bank not with multple banks..
Concentration banking not only helps in the central control of the funds but also helps in reducing the number of transactions that may be required to transfer funds from different bank accounts to the main account. This saves cost, time and effort. This also helps in more effective utilization of funds. Hence the answer should be (a) & (d).
Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.
