Introduction: One of the primary functions of a specialized bank is to extend credit to the deficit economic unit that comprises borrowers of all types. Bank credit is essential of economic development. Without adequate finance, important for the economy in the sense that it can simultaneously finance all the sub sectors at financial area, which comprises agricultural, commercial and industrial activities of a nation. Objective of the study: The main objective of the study is to examine the lending
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The customer is required to maintain a minimum balance in this account. In current account, there is no profit and interest on the money kept. Features include; Minimum account opening deposit of Rs.5,000 No minimum balance requirement Visa Debit card I-Net banking. • Profit & Loss(PLS) saving Accounts: PLS saving accounts opened by individuals (single or joint), for charitable institutions, companies, educational institutions, firms etc. This account can be opened with a very small amount
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day by day. And all banks are trying to aggressively expand the consumer or retail banking division. Major spirit of consumer banking is the consumer deposit and lending product line, customer base, ancillary consumer banking products like debit card and credit card. As far as life style of people is concerned, consumer bank can play a widespread role since consumer banking deals with individuals’ complete life style as well as banking solution. Beauty and spirit of consumer banking inspired me to
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CHAPTER 4 Accrual Accounting Concepts Study Objectives 1. Explain the revenue recognition principle and the matching principle. 2. Differentiate between the cash basis and the accrual basis of accounting. 3. Explain why adjusting entries are needed, and identify the major types of adjusting entries. 4. Prepare adjusting entries for deferrals. 5. Prepare adjusting entries for accruals. 6. Describe the nature and purpose of the adjusted trial balance. 7. Explain the purpose
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client, Smith Medical, in establishing a secure and compliant credit card payment program for their benefit, and the benefit of their patients. Credit card payment programs must comply with strict security policies and standards to protect the clients’ information, and the clients must be able to trust that their information will be secure. The security practices discussed below will allow Smith Medical to safely and securely process credit card information with all parties and institutions involved
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handle the transactions. There is no encrypting involved so you do not have to pay a programmer to do that. The problem with that is though when people wish to buy products from you they would print the page out, fill it out and then fax it with their credit card information to you. There are some drawbacks to doing business the print and fax method, most online shoppers won’t go near an insecure e-commerce page. Doing it this way makes it easier for Identify theft to happen as well because you have
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Chapter 5- Regulators Securities and Exchange Commission- protects investors and maintains integrity of the securities market- Oversees FASB and PCAOB FASB- Financial Accounting Standards Board- sets GAAP PCAOB- (public company oversight board) - sets auditing standards for CPA's Management of a company has responsibility for financial statements and related disclosures Board of Directors (audit committee) is responsible for ensuring that processes are in place for maintaining the integrity
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use of search engines at least once a week, stating that online visibility through the use of search engines now is a crucial business marketing aspect. Logo of e commerce The eCommerce industry continues to grow at a rapid pace translating the rules of traditional retailing and enabling merchants to tap into customer segments,
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COMPANY ANALYSIS INTRODUCTION The Housing Development Finance Corporation Limited (HDFC) was amongst the first to receive an 'in principle' approval from the Reserve Bank of India (RBI) to set up a bank in the private sector, as part of the RBI's liberalisation of the Indian Banking Industry in 1994. The bank was incorporated in August 1994 in the name of 'HDFC Bank Limited', with its registered office in Mumbai, India. HDFC Bank commenced operations as a Scheduled Commercial Bank in January
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carrying out business activities. (3 marks) (c) You are a receptionist of a large organization in Bridgetown, Barbados. Management has employed a junior clerk to help you with your duties. Write a memorandum to the junior clerk indicating four main rules she should follow when answering the company’s telephone. (8 marks) Responses to Paper 02 - Question 4 in the May/June Sitting 2012 Quality of Response Strategies Used Effective Use of Strategies Suggestions for Improvement Remarks/Comments
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