and amend the law relating to promissory notes‚ bills of exchange and cheques. The Act does not affect the custom or local usage relating to an instrument in oriental language i.e.‚ a Hundi. The term "negotiable instrument" means a document transferable from one person to another. However the Act has not defined the term. It merely says that "A .negotiable instrument" means a promissory note‚ bill of exchange or cheque payab1e either to order or to bearer. [Section 13(1)] A negotiable
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Rs. 1‚000 (10 units) on credit from B & Co. 3) Ms. Monika purchased furniture (Fixed Asset) for Rs. 3‚000 on credit from R & Co 4) Ms. Monika sold goods to Alpha & Co. for Rs. 2‚000 (10 units) on credit. 5) Ms. Monika received a cheque for Rs. 20‚000 from New Bank of Investment Co.‚ towards loan @15% p.a. interest. 6) Withdrew cash from bank Rs. 8000/- 7) Ms. Monika purchased goods for Rs. 500 (5 units) in cash. 8) Ms. Monika paid Rs. 100 towards conveyance charges
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CHAPTER ONE INTERNSHIP PROGRAM 1.1. Introduction: The theoretical knowledge and practical training is not the same theme. The theoretical knowledge is fulfilled when it can be used in the practical field. The goal of internship is to apply one’s theoretical knowledge in practical fields. Thus internship is a pragmatic application of knowledge and achieving practical experience by engaging one self in different and distinct sectors of work. That is why the internship program is also included
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The deposit is recorded in cash receipts but the disbursement is not recorded in cash disbursements. Copyright 2003 Pearson Education Canada Inc. 20 - 11 Kiting example On 12/31‚ Ace’s bookkeeper writes a $5‚000 cheque on the National Bank and deposits the cheque in the Canadian Bank account. National Ace Co. Ace Co. 12/31
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Internship Report On General Banking & Investment Management A CASE STUDY ON SOCIAL ISLAMI BANK LTD. (Panthapath Branch) Submitted To Mr. Shoriful Islam Lecturer in Finance Northern University Bangladesh Developed By Ansar Ullah Al Masud Bangladesh University of Business & Technology (BUBT) Letter of Transmittal 31st December‚ 2009 Mr. Amdadul Haque Lecturer in Finance Bangladesh University of Business & Technology (BUBT) Subject: Submission of Internship report on
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Methods of Payment Payment There are 5 commonly accepted methods of payment: Cash Cash BACS BACS Credit Cards Credit Cards Cheques Cheques Debit Cards Debit Cards © Business Studies Online: Slide 1 Which Methods Are Most Popular? Popular? 45‚000 40‚000 Cash T ra n s a c t io n s ( M illio n s ) 35‚000 30‚000 25‚000 20‚000 Cheques 15‚000 BACS 10‚000 Credit Cards 5‚000 Debit Cards 0 1995 1996 1997 1998 1999 2000 Year 2001 2002 2003 2004
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------------------------------------------------- What are the different types of cheques Cheque is an important document that an individual‚ companies‚ governments and many others use to transact their business. By definition‚ cheque can be termed as a negotiable document to transfer money either in physical form or to effect inter account transfer. Unless or otherwise stated‚ a cheque is a signed unconditional order addressing the bank to credit it by the issuer. The issuer of the cheque will have an account with the bank to which
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film Frank Abagnale Jr was an intelligent man‚ one of the most successful con men in history. Frank lived as a pilot‚ a doctor and a lawyer all before his 21st birthday. The primary technique he used was defrauding banks using different fake cheque schemes eventually amounting to over 2.5 million dollars. Much of what Frank accomplished defied believability. There were many factors that motivated Frank to become so successful at bank freud and many factors that kept him running from and towards
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IBPS PO III - Interview Capsule Bank interviews are basically based on six areas. 1. Your C.V. 2. About your academic qualification. 3. Bank Terms 4. GK (Current Affairs) 5. Computers (Basics) 6. Current Recruitment (if any). 1. Bio-data: About your family‚ About your town‚ About your studies‚ About your achievements‚ About your father’s working department‚ About your hobby‚ and any past work experience if you have. 2. Academic qualification. : Candidate must have complete knowledge of the subject
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