institution‚ through its Sucat Branch issued 280 certificates of time deposit (CTDs) in favor of one Angel dela Cruz who is tasked to deposit aggregate amounts. One time Mr. dela Cruz delivered the CTDs to Caltex Philippines in connection with his purchased of fuel products from the latter. However‚ Sometime in March 1982‚ he informed Mr. Timoteo Tiangco‚ the Sucat Branch Manger‚ that he lost all the certificates of time deposit in dispute. Mr. Tiangco advised said depositor to execute and submit
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JAGANNATH UNIVERSITY Department of Finance Internship Report On “General Banking Activities of Janata Bank Limited” Prepared For Md. Omar Faruque Assistant Professor Department of Finance Jagannath University‚ Dhaka Prepared By Md. Saifur Rahman Sarkar ID-105239‚ Reg-1001335234 BBA 4th Batch‚ Session 2009-2010 Department of Finance Jagannath University‚ Dhaka Submission Date-15/5/2014 Letter of Transmittal 15.05.2014 Md. Omar Faruque Assistant Professor Department
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with a 2% interest rate‚ or in a five year certificate of deposit with and interest rate of 4.5%. Calculate how much interest you would earn with each option over five years time with continuous compounding. I’m going to do this for my checking and savings account amount Checking Account A = Ce^RT My total money in the checking account is 2100 dollars Since the formula for the continuous compounding is A=Ce^RT where C is the initial deposit or capital‚ T for time‚ R is the rate of interest and A
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The purpose of making a list of all checks and cash received is to insure that a record is made of the amount that was received. * A person with no access to cash should compare cash receipts records to deposit slips. * The person opening the mail should stamp Receipts/Checks “For Deposit Only.” * Pre-numbered receipts should be given for contributions‚ gifts‚ etc. * Persons other than those opening
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BANKER CUSTOMER RELATIONSHIP BANKER RIGHTS * Right of Lien * Right of Set-off * Right of Appropriation DUTIES * Duty to Honour Cheques * Duty to Secrecy BANKER::RIGHTS LIEN: Right to retain a security until the debt is discharges or a promise to performed. LIEN GENERAL SPECIFIC - One security more than one charge - One security one charge - Normally the right is exercised - The charge is offered (created by borrower) - This is available to Bankers‚ Factors (finance against
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Survey of Accounting May 28‚ 2012 Missing information in bank reconciliation‚ the following data applies to Superior Auto Supply Inc‚ for May 2012. 1. Balance per the bank on May 31‚ $8‚000 2. Deposits in transit not recorded by the bank‚ $975 3. Bank error; check written by Allen Auto Supply was charged to Superior Auto Supply’s 4. The following check written an recorded by Superior Auto Supply were not included in the bank Statement |3013
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992.83 Deposits and other credits 13‚958.37 Withdrawals and other debits -4‚751.74 Checks -8‚520.17 Service fees -14.95 Ending balance on July 31‚ 2013 PULL: E CYCLE: 54 SPEC: E DELIVERY: E TYPE: $32‚664.34 IMAGE: B BC: IL # of deposits/credits: 9 # of withdrawals/debits: 77 # of days in cycle: 31 Average ledger balance: $31‚748.93 SAN TRANS INC ! Account # 2910 0323 5720 ! July 01‚ 2013 to July 31‚ 2013 IMPORTANT INFORMATION: BANK DEPOSIT ACCOUNTS
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Why is it important to make your bank deposits as soon as possible? It is important to make bank deposits as soon as possible because as your office has bills to pay there needs to be sufficient funds to cover all expenses. Also your office does not want to wait depositing any checks because they person who wrote the check might not be good with their money. If the check is not deposited in a couple of day the person who wrote it might spend the money thinking they had more than they really did
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A bank is a financial institution and a financial intermediary that accepts deposits and channels those deposits into lending activities‚ either directly by loaning or indirectly through capital markets. A bank is the connection between customers that have capital deficits and customers with capital surpluses. Due to their influence within a financial system and an economy‚ banks are generally highly regulated in most countries. Most banks operate under a system known as fractional reserve banking where
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------------------------------------------------------------------------------------------------------------------------------------I/We request you to open my/our deposit account with your branch/bank as under: (Tick (√) relevant type of account) Type of Account Scheme Name Type of Account Scheme Name Savings Bank A/c Term Deposit A/c Current A/c Other A/c FULL NAME‚ in CAPITAL Letters (In the order of first‚ middle and last name‚ leaving a space between words) M/F 1 2 3 Date of Birth (dd/mm/yyyy)
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