Accounts

Survey of Various types of Bank Accounts, rate of interest offered Mr. Pinto (name changed on request) of Axis Bank Limited of Nerul Branch was very co-operative when I visited their branch and introduced myself as a 10th Std. student of Ryan International School, Nerul and inform my purpose of visit of carrying out a survey on various types of bank accounts available and commonly used in India. He offered me a place to sit and called for water and request to give him some time to complete his

The unique deposit product that OCBC offers is the OCBC 360 account. It is basically a deposit account that pays bonus interests to depositor when they complete any or all of the different criteria that are being set by them. The criteria includes crediting salary through GIRO, paying of bills through online or GIRO, save or increase your account balances, invest with OCBC and spend using your OCBC credit card. Different interest rates are being issued depending on the criteria that are being met

After taking into account the results for these two tests, the should-be balance for the Total Sales of the period was computed to be $5,317,470.36. Valuation or Allocation The total Accounts Receivable balance in the records of $4,752,257.70 was verified by setting a filter of “Remit_Num = 0” and then getting the total amount due. By doing this, only those sales which do not yet have a remittance advice are part of the accounts receivable. The figure below is the outcome

double checking system reduces the risk of employees altering records or signing off on cash counts by themselves for self-interest. Accounts and Bank Accounts This also applies to staff handling accounts. The staff that work on day to day journal entries and record keeping do not have access to the firm's bank accounts or bank reconciliation. Bank Accounts are accessed by senior accountants at the head office placing a different group of people to check bank records and transactions match the

To Check the Account Balance of Chase Bank A checking bank account is a deposit account held at a financial association that permits taking out and deposits. As well called demand financial records or transactional accounts, checking financial statement are very liquid and can be access using verifies automated cashier machines and electronic debit, among other methods. Checking bank accounts change from additional bank accounts in that it regularly agree to for several withdrawals and limitless

is: Select one: a. decrease the asset computers, increase the asset cash, decrease the liability accounts payable. b. increase the asset computers, increase the asset cash, decrease the liability accounts payable. c. increase the asset computers, decrease the asset cash, increase the liability accounts payable. d. increase the asset computers, decrease the asset cash, decrease the liability accounts payable. Question 2 Complete Mark 1.00 out of 1.00 Flag question Question text If only one side

Account receivables are used as a type of asset – financing to determine the outstanding invoices or the money owed by the customers. The account receivables can help finance companies by boosting its cash flows. It focuses on trying to collect bills from customers. The unpaid invoices are also considered in the account receivables and referred as bad debts. Bad debts are debts that customers are not able to pay either because they are bankrupt. In account receivables financing also known as

Accounts receivable represent the money that keeps your business afloat. When you issue an invoice, you have made a sale. When you get an invoice payment, you have cash flowing into your accounts. When your accounts receivable file expands, your business is growing. The down side is that outstanding accounts receivable also represent money that you could be using for other things, like payroll or increasing inventory. Fortunately, you can free up a good deal of that money by using accounts receivable

extensive inventory control systems. * Passenger service companies (e.g., airlines, bus, and trains) generally receive payments in advance of providing services. Therefore, extensive billing and accounts receivable procedures are not needed; instead, they must develop procedures to account for prepaid revenue. * Construction firms typically receive payments at regular intervals, based on the percentage of work completed. Thus, their revenue cycles must be designed to track carefully

receivables follow:   Step-1. Obtain Aged Schedule of Accounts Receivable The auditor should obtain an aged schedule of accounts receivable as of the confirmation date. He or she should apply the following procedures to this schedule: Determine that totals are correct. Compare all or a selected sample of account balances with the account balances in the accounts receivable subsidiary ledger. Investigate credit balances.   Step-2. Select Accounts for Confirmation Auditors have used, and some continue