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cash department role in bank

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Q: What is the function of cash department in a bank?
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Who is the director funds remittance and cash transfer department hfc bank London?

Mrs.Linda Scott


What is dual function of the cash book as a book of prime entry?

it serves as a prime book as well as a ledger


What are the functions of remittance department in bank?

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


What is the function of sales department in bank?

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.


Is cash in bank- current is part of cash and cash equivalent?

cash in bank is current assests


What will be the entry in cash book when cheque is paid to bank?

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


How will this entry in three column cash book cash at bank?

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.


What is bank balance versus cash balance?

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.


Can I get a cash loan in the bank?

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.


What is cash book with bank column?

Cash book with bank column is double column cash book.


Can you cash a cheque made out to cash at any bank?

I have been given a cheque made out for CASH am I able to cash it at any bank