Re: [ vuZs.net ] Most repeated Questions in VIVA

Next of kin......Next of kinship , it is used to describe a person's closest living blood relative or relatives......if the account holder does not came into the bank for the 6 months or the account holder is died.....then in that case the person next of KIN (means any one which the account holder give refernce in the accounts opening form like his/her...mother,sister,wife,son, daughter etc whose copy of NIC is given to the bank at the time of account opening) can take the bank balance of the account holder in that case................it is called next of Kin

 

where as bench mark rates is conserned......

Only current and the quick ratio has the bench mark rate as:

 

Current ratio= 2:1         ( it is benchmark rate for the current ratio)

Quick ratio= 1:1              (bench mark rate for the quick ratio.....it means that assets and liabilities should be equal in quick ratio where in current ratio it means assets should be double to that of liability)............

 

whereas no other ratios contain the bench mark rate...

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