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what is BRS and how it is prepared in BPO sector?? The bank account also shows the current balance of cash in the record as of any point in time. Bank Account is a personal account. Terms of Service | The following list describes a number of the more common bank account types: A bank earns money on the bank accounts it manages by charging user fees, as well as by earning incremental interest income on funds held in these accounts, net of any interest paid to the holders of the accounts. what diff. What are mis reports and do you prepare it? What is the nature of bank account: Site Map | It comes under the category of Artificial personal account. A bank account is a financial account maintained by a bank or other financial institution in which the financial transactions between the bank and a customer are recorded. A bank account is a record maintained by a banking institution, in which it records an ongoing series of cash inflows and outflows on behalf of a customer. Why we show always closing stock in credit? When a bank account has a positive balance, which means that the bank is storing money on behalf of a customer, the account has a credit balance. c) personal.. More Accounting General Interview Questions, For more Accounting General Interview Questions. Any resident individual- single accounts, two or more individuals in joint … and in case of loan taken from bank then bank is a personal account. If there is more than one individual who has access to the account, it is known as a joint account. State Bank Of India SBI. 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CADRE HELD IN APRIL-MAY 2010? The bank account also shows the current balance of cash in the record as of any point in time. Please Bank Account is a personal account. If there is more than one individual who has access to the account, it is known as a joint account. Explain me what is general ledger account? between laibilities and provision? a) nominal b) real All Rights Reserved. Where do generally accruals appear on the balance sheet? A bank account is a record maintained by a banking institution, in which it records an ongoing series of cash inflows and outflows on behalf of a customer. Conversely, when the bank account has a negative balance, where the customer owes money to the bank, the account has a debit balance. WHEN WILL SBI DECLARE THE RESULTS OF INTERVIEWS OF CLERICAL Bank A/c is a real account but if the bank with name for example HDFC Bank A/c then it is personal account. CURRENT ACCOUNT. This is the reverse of the meaning of debits and credits within a business, where a debit balance means that a business has accumulated assets, and a credit balance means that the business has accumulated liabilities. Bank account will come under personal account. a) nominal answer fast..... 5 Answers   It comes under the category of Artificial personal account. Copyright © 2005-2019 ALLInterview.com. EXL, FIS, Genpact, Riscure, Give 15 examples for real and nominal accounts. Artificial persons are created by law and Real persons are members in it. Artificial persons are created by law and Real persons are members in it. Cash A/c Capital A/c: Real A/c Personal A/c: Cash is coming in Suryani is the giver: Debit Credit 2. Each financial institution sets the terms and conditions for each type of account it offers, which are classified in commonly understood types, such as deposit accounts, credit card accounts, current accounts, loan accounts or many other … So Bank account is a personal account. bank account is a real account in case of depositing & withdrawing of money from bank. Nature of Accounts Reason for Effect on Accounts: Debited or Credited 1. Copyright Policy | The bank is receiving the amount Cash is going out: Debit Credit: 10. 0 Answers   Contact Us. c) personal, Answers were Sorted based on User's Feedback, Bank comes under personal accout (artificial personal a/c)

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