Internship Report on General Banking of Uttara Bank

-A partnership is an organizational form that contains two or more people who are able to be joined together legally in order to share the management duties and make profit from the business.

With the help of conclusions described in the last chapter, recommendations are developed and designed to present personal and independent point of view for the betterment and development of the organization. Recommendations are integral part of report and become imperative for internship report. Findings and Recommendations for MCB are as follows which will help the reader to understand all the aspects of the bank.

This paper will show the situational analysis of commonwealth bank, it also analysed the organisational structure and its strategies. Because every business needs to take some action that will help them keep a good position in the market, but before taken any action they have to do some research the find to cause of problem in order to identify the resolution. The results and useful information during this analysis will help the organisation to choose suitable strategies, develop that management strategies and improving the service operation, which is going to help them achieve their objectives. At the beginning it will be presented brief history of commonwealth bank and following by their operational service, problems

Financial institutions are key component to a functioning society in today’s day and age. The economic cycle depends on financial institutions to conduct transactions for its worldwide clients. These transactions can be as small as withdrawing money or applying for a loan to start up a new business. The employees of every financial institutions are the key to successfully providing these services to their customers.

There are three options for a business’ legal structure. They are a sole trader, a partnership and a incorporated company.

Partnership is the relations which exists between partners carrying on a business in common with a view of profit, which means there must be some continuity or repetition of trading activities and working on behalf of each other. (James 2014, p. 506-507)

A partnership is a business organization where the partners own the business together and are

According to Business Dictionary (2017), a partnership is a written agreement between two or more individuals who join as partners to form and carry on a for-profit business. The partner should have a legal agreement that sets forth how decisions will be made, profits will be shared, disputes will be resolve how future partners will be admitted to the partnership, how partner can be bought out and so on. Not every partner is necessarily involved in the management and day-to-day operations of the venture. In some jurisdictions, partnerships enjoy favorable tax treatment relative to corporations. A partnership does not have a separate legal existence like an incorporated firm, and the partners are jointly and severally liable for

A sole trader is an organisation, which is owned by one person. The assets and liabilities of the owner and those of the business are the same. There are no legal or tax distinctions between the owner and business.

A partnership, Consists of two or more people who share the ownership of a single business. Like in a proprietorship, the law does not distinguish between the business and its owners. The Partners should have a prearranged agreement of how decisions will be made for their company, the profits will be shared, how disputes will be resolved, how new partners will be brought into the partnership, how partners can be bought out, or what steps will be taken to dissolve the partnership when needed. Although it sounds silly thinking about dissolving the company before its started, many companies break up in times of

A partnership is when there is a contract amongst two or more people to invest and run a business. Each individual partner has the equivalent responsibility and power to make decisions and manage the business. It is necessary each associate takes part in daily tasks of the business and share responsibilities between each other in order to develop a successful partnership. “The joint ownership concept that describes a business partnership gives it certain distinct advantages and disadvantages”. (Partnership advantages and disadvantages, no

A partnership is an unincorporated business owned by two or more persons associated as partners (Hemanson etl,2011). These people upon either a written or verbal agreement, could take responsibility if anything happens within their partnership. Many retail establishments are partnerships. For instance, dentists, physicians, attorneys and accountants often conduct their activities as partnership.(Prenhall.com/Horngren). It takes less time to form a partnership for example one can just ask a friend to partner with him/her in business. Partnerships may operate under different degrees of formality, ranging from informal, verbal understanding to formal agreements filed with the state in which partnership does business (L. Gapenski,2007). Usually partnerships are long term commitments of people doing business together. The people who own a partnership are called Partners. They do not have to be based or work in the

During my whole internship period I have gained a lot of theoretical as well as practical knowledge regarding banking. I have learnt about the clearing of Cheque, about remittance system, about sorting of credit and debit vouchers in ascending order in accounts department, about ATM cards, about account opening, about foreign transactions and whole loan criteria and also about the deposits. I have gained experience about how to handle the public or

The second form of business is a partnership business. A partnership meaning is the relationship between two or more people who pair up and run a business. Each person who claims ownership in the business feels the effects in gains and losses. For example, when one of the owners gains in profit or even loses profit, the other partner will gain or lose just as much as his or her partner. There are three different types of partnership businesses, which are general partnerships, limited partnerships, and joint ventures.

Partnership: Partnership business is when two or more people are involved in the business they put in the money their skills and other resources and share profit this source of finance is more suitable for a company if they want office space and more features for their company. For example a law firm needs a property for them to meet their clients for a law firm property they will need to pay it off by mortgage.