complete the economic and financial principles of banking area. Banking sector plays a significant role in achieving the high economic growth of the country. A bank is a financial institution whose main aim is to earn profit through exchange of money and credit instruments. So, the banking system occupies an important place and plays an important role in a nation’s economy. In recent time this sector has been changing a lot due to regulation, technological innovation, globalization etc. banking sector in
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all of the firm’s needs for cash call for holding cash balances exclusively. Indeed, a portion of these needs may be met by holding marketable securities (cash-equivalent assets) and by maintaining unused borrowing capacity (e.g., bank lines of credit). For the most part, firms do not hold cash for the purpose of speculation. Consequently, we concentrate only on the transactions and precautionary motives of the firm, with these needs being met with balances held both in cash and in marketable
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informative things regarding accounting. In week one we learned about the different forms of business organizations, the accounting environment, the accounting equation, and the four main financial statements. In week two we learned about debits and credits, the difference between cash, accrual basis accounting, and unearned and accrued revenue. In week three several topics were discussed including, accounting information and tools, the balance sheet, calculating profit and loss, cash control
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requirements of the B.B.A program. In order to fulfill this requirement of the Internship program I choose Mercantile Bank Limited (MBL). The main purpose of the program is to know the real world situation. The topic of my report is “General banking &credit on Mercantile Bank Limited”. In this regard I have opportunity to make my internship in Mercantile Bank Limited from July 22 to October22, 2009. The Mercantile Bank Limited is a scheduled private commercial bank established on May 20, 1999 under Bank
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back. Many cards have special rules that change monthly, be it triple points on gas one month, then double points on car rentals the next. For this reason, I would like you to consider our company, Wallaby Financial, to do the remembering for you and earn you maximum points and cash back. At Wallaby Financial, we are dedicated to earning our customers the most possible points and cash back with every purchase. We hold and store all the details of our customers credit cards, and with each use of
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the language of the local country which I was unable to read or understand. Even as an experienced driver not being able to read the road signs, limited my travel. Accounting is the language of business. One common business language guided by the rules established by the U.S. Securities and Exchange Commission (SEC) known Generally Accepted Accounting Principles (GAAP) gives financial investors the confidence needed to risk billions of dollars purchasing company stock. Accounting allows people from
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sales tax On January 15, Waren Sports Supply purchased on account $120,000 in from their vendor Velocity Sporting Goods. On February 10 they paid the vendor in full for this purchase. The correct journal entry is Debit Accounts Payable $120,000 Credit Cash $120,000 Which of the following statements are true? Original entries are recorded in journals and journal account totals are posted to ledgers periodically. According to the flowchart on page 31 of the
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purchase & customer credit schemes along with Islamic banking services in the banking sector in order to bring about qualitative changes in the lives of people of Bangladesh. PBL through its steady progress & continuous success has, now earned the reputation of being one of the leading private sector Banks of the country. The bank offers all kind of Commercial corporate and Personal banking service covering all segment of society within the framework of Banking Company Act, rules and regulation laid
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Short-term investments: represents the reported values of shares of other companies as investment of access cash c. Trade receivables: When a company sells it products on credit, and receives promises to get back. d. Inventories: refers to the goods which used to produced products and services on credit. e. Prepayments: Prepayments are the advanced payment of any insurance premiums that reflect future economic benefits. f. Other current assets 2. Non-current
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Chapter 1: - E-Banking [pic] ➢ 1.1 Introduction of E-Banking ➢ 1.2 Meaning of E-Banking ➢ 1.3 Functions of E-Banking ➢ 1.4 Types of E-Banking ➢ 1.5 Advantages of E-Banking ➢ 1.6 Limitations of E-Banking 1. Introduction of E-Banking: - The acceleration in technology has produced an extraordinary effect upon our economy in general has had a particularly
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