Dear Sir, To All, What are the function of Account Opening Department in bank, Please kindly write here to me,,,,
it serves as a prime book as well as a ledger
cash in bank is current assests
There will be no entry in cash book when cheque is paid into bank if cash was deposited into bank then there will be entry in cash book
Cash deposited will be shown in cash column while bank account will be debited to bank account and balance in bank column of cash book while as this is contra entry "C" will be shown in third column for both cash and bank.
Dear Sir, To All, What are the function of Account Opening Department in bank, Please kindly write here to me,,,,
Mrs.Linda Scott
it serves as a prime book as well as a ledger
to handle out flows and in flows of cash from domestic or international territories. It supplies the cash to dear ones frome the dear ones from aboard
The sales department of the bank is responsible for improving the sales of the bank. They are responsible for reaching out to new/potential customers and canvassing them to open bank accounts or to apply for loans and other products like credit cards etc. If the sales department is not working efficiently, the bank may not be able to expand its customer base.
cash in bank is current assests
There will be no entry in cash book when cheque is paid into bank if cash was deposited into bank then there will be entry in cash book
Cash deposited will be shown in cash column while bank account will be debited to bank account and balance in bank column of cash book while as this is contra entry "C" will be shown in third column for both cash and bank.
bank balance:- A bank balance is that amount which is actually deposited in any of the bank. or the amount which has been credited in your bank account. cash balance: - It is an amount which is there in your hand. i.e., it is otherwise called as cash in hand. or else we can say that the hot cash which is there with you right now is called as a cash balance. conclusion:- bank balance is the amount deposited in bank. and cash balance is the cash in hand.
A bank institution will never hand out a loan in cash money. The bank will almost always make a deposit to your bank account, from which you can then withdraw cash.
Cash book with bank column is double column cash book.
I have been given a cheque made out for CASH am I able to cash it at any bank