for three months and prepared a report on “The Internship Report: Lacking of Clearing Cheque Process”. However I believe‚ this will say about my effort which I had in preparing this report. EXECUTIVE SUMMARY This study is conducted with two principal aims‚ finally to know about the bank’s background and second is to theoretical and practical known how that how a bank basically does their Clearing Cheque process and the effectiveness of that process. Therefore it is hoped that this study
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BANK RECONCILIATIONS NOTES In order to verify the amount reflected in our bank account at the end of each month‚ a reconciliation must be made with the balance according to our bank account and the balance as reflected on the Bank Statement. The bank will send us a statement of our account towards the end of each month. Take note of the following with regard to the Bank Statement: 1. The bank will view the business as a CREDITOR since cash in the business account belongs to
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MT KENYA UNIVERSITY DEPARTMENT OF FINANCE & ACCOUNTING P.O. Box 342 THIKA‚ KENYA Email: info@mku.ac.ke Web: www.mku.ac.ke Course code: DBF 121 Course Title: Banking Laws and Practice Instructional materials for distance learning students CONTENTS CONTENTS ........................................................................................................................ ii COURSE OUTLINE ................................................................................................
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23 times to meet the needs of the time. The last amendment was made in 2002. Preamble It became a statutory necessity to enact law governing Promissory Notes‚ Bills of Exchange and cheques. What is a Negotiable Instrument Section 13:- " A Negotiable instrument means a promissory note‚ bill of exchange or cheque either to order or bearer." This definition does not say anything about the characteristics of a negotiable instrument but it mentions about instruments‚ which can be legally called as
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Introductory Paper 1 RECORDING FINANCIAL TRANSACTIONS (INTERNATIONAL STREAM) In this January 2008 new edition • Updated for IAS 1 (revised) • Do you know? Checklists to test your knowledge and understanding of topics • A question and answer bank • The ACCA’s pilot paper as a mock exam P R A C T I C E & R E V I S I O N BPP’s i-Pass product also supports this paper. K I T FOR EXAMS IN 2008 First edition 2004 Fifth edition January 2008 ISBN 9780 7517 4816
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INDUSTRIAL TRAINING REPORT TO KNOW ABOUT THE PRODUCTS & SERVICES OFFERED BY AXIS BANK This Project Report is being submitted in partial fulfillment of the requirements For the award of the degree of BACHELOR OF BUSINESS MANAGEMENT OF BANGALORE UNIVERSITY Training has been undertaken under the guidance of PROF. SMITA SHENOY
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Bill of Exchange 6.2. Characteristics of Bill of Exchange 6.3. Specimen of A Bill Of Exchange 7. Cheque 7.1. Definition of Cheque 7.2. Essential Elements of a cheque 7.3. Specimen of a Cheque 7.4. Types of Cheque 7.5. Dishonor of Cheques 7.6. Five Ingredients of the offence 8. Difference between Promissory Note and Bill of Exchange 9. Difference between Bill of Exchange and Cheque 10. Hundis 11. Types of Hundis 12. JVC Case study. 8. Summary 9. Bibliography.
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statement but which are not in the cash book‚ e.g.‚ dishonoured cheques or bills‚ interest and bank charges‚ standing order (an order made to the bank to make a regular payment)‚ dividends or interest income credited direct to the bank and payments by customers which are paid direct to the bank. c) Items (not consisting of errors) which appear in the cash book but which do not appear in the bank statement. These are confined to outstanding cheques and outstanding deposits. d) Errors made in the compilation
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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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