July 1 Cash in hand 18‚000 Cash at Bank 27‚500 ’’ 3 Goods sold for cash 10‚000 ’’ 6 Bought Goods by Cheque 16‚000 ’’ 8 Cash deposited into Bank 20‚000 10 Paid Trade Expenses through Cheque 2‚000 ’’ 12 Paid Audit Fee for Cash 1‚000 ’’ 14 Cheque received from Garima and deposited into bank 4‚700 ’’ 18 Withdrew from bank for personal use 2‚000 ’’ 20 Purchased office machine by Cheque 5‚000
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instant access deposit subject to federal savings account regulations‚ such as a monthly transaction limit. • Savings accounts: Accounts maintained by retail banks that pay interest but can not be used directly as money (for example‚ by writing a cheque). Although not as convenient to use as checking accounts‚ these accounts let customers keep liquid assets while still earning a monetary return. • Time
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Internship Report on Jamuna Bank Limited EXECUTIVE SUMMARY Jamuna Bank Limited is bank of new generation. It is committed to provide high quality financial services/products to contribute to the growth of GDP of the country through stimulating trade and commerce‚ accelerating the pace of industrialization‚boosting up export‚creating employment opportunity for the educated youth‚ poverty alleviation‚ raising standard of living of limited income group and overall sustainable socio-economic development
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7 Bought fixtures and fitting for RM10‚000 on credit from Asoka Trading. 10 Goods return to Bakar RM200. 15 Cash drawing by the owner RM310 17 Bought goods on credit from Asmahani RM2‚000 18 Paid insurance by cheque RM400 20 Paid rent by cheque RM6‚000 22 Sold goods on credit : Ani RM 4‚500; Azlani RM3‚500; Abu RM1‚500 23 Bought goods RM700 on credit from Ah Seng 24 Return goods to Ah Seng RM200 25 Goods return by Ani RM100 and Azlani RM200. Required:
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following chart. Primary Functions The primary functions of the commercial banks include the following: A. Acceptance of Deposits 1. Time Deposits: These are deposits repayable after a certain fixed period. These deposits are not withdrawn able by cheque‚ draft or by other means. It includes the following. (a) Fixed Deposits: The deposits can be withdrawn only after expiry of certain period say 3 years‚ 5 years or 10 years. The banker allows a higher rate of interest depending upon the amount and
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NEGOTIABLE INSTRUMENTS ACT 1881 SECTIONS REFERANCE 4 Definition of promissory note. 5 Definition of bills of exchange. 6 Definition of Cheque. 8 Definition of holder of bills of exchange. 9 Holder in due course. 11 Inland instruments. 12 Foreign instruments. 14 Negotiation of bills of exchange. 15 Endorsement of bills of exchange. 13 Definition of negotiable instruments. 17 Ambiguous instrument. 20 Incomplete or inchoate instruments. 22 Maturity
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my last day was October 12‚ 2012. I worked in various departments including account opening department‚ clearing department‚ remittance department and accounts department. The tasks which I do there was to fill an account opening forms‚ receiving cheques from customers‚ stamping and then jotting‚ fill a money gram form and do entries of DD’s (demand draft) manually‚ activity checking. I had a great experience at Bank Alfalah. It enhanced my knowledge and skills when I do all the things practically
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by Companies - Dishonour of cheque for insufficiency‚ etc.‚ of funds in the account - Cognizance of offences Acts Referred: Code of Criminal Procedure‚ 1973 Sec 482 Companies Act‚ 1956 Sec 291 Negotiable Instruments Act‚ 1881 Sec 141‚ Sec 141(2)‚ Sec 138‚ Sec 142 [3] On behalf of the Data Access (India) Limited‚ two cheques were issued to the respondent Bharat Sanchar Nigam Limited (hereinafter referred to as‚ "B.S.N.L."). The cheques were dated 31.8.2004. The cheques were duly presented by the
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Principles of Accounts A Handbook is prepared mainly for the purpose of helping the grade 8 students who are new to this subject. In this book we have included all the topics to be covered in grade 8. Each topic is serially numbered. At the end of each topic‚ a large number of descriptive‚ multiple choice and gapped questions‚ which are related to that topic‚ are given. Gapped questions are included mainly for improving the students’ knowledge of theory. The multiple choice and descriptive
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Chapter 1 Introduction Banking sector has significant contribution in the economy of a country. In banking sector the activities performed in GB and in Accounts department is of greatest importance. Banking service is directly related with clients. Banking activities facilitate clients to deposit their money in the bank according to their needs‚ to withdraw cash available in clients bank account‚ help the clients to engage in transaction in a safely mode‚ help the clients to improve their
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