There are 3 types of Accounts 1 - Internal Accounts
(bank's own accounts ie. expence petty cash, assets n liabilities etc.) 2- External Accounts
(User accounts ie. current a/c , saving a/c , nostro n vostro a/c 3- Profit n loss accounts OR Answer (2) Accounts divided into 3 types,they are: 1)Nominal Account 2)Personal Account 3)Real Account
A checking account is one in which you keep a certain amount of money and use it for your regular day to day transactions. For ex: to pay your phone bill, to pay for your groceries etc. Banks usually do not give you a significant interest on your deposit in this account because of the liquid nature of the account and because you can withdraw your funds anytime you want.
A savings account is one in which customers save their monthly savings and they are not like the current account. Though the money is available at any time for the customer to withdraw, money is not as frequently deposited/withdrawn from it like the current account. Hence banks offer a meager interest rate for the money held in this account.
Recurring Deposit: A Recurring Deposit account is one in which the customer deposits a small sum of money (usually a few hundred or thousands) every month. The bank accepts a deposit every month and at the end of the deposit period (usually 12 months or higher) the bank would return the money deposited with them along with a good interest.
Fixed Deposit: A FD Account is one in which the customer deposits a big sum of money (Usually a few thousands and upwards. There is actually no limit to the amount of money you can deposit in a FD) for a fixed duration of time (Atleast 3 months or higher). Since you agree to keep the money deposited with the bank for a fixed/agreed upon duration, the bank gives you a very good interest as payment for keeping the deposit
To set up a closed-end-fund, it is best to contact an investment broker and they can explain to you the types of accounts available and determines what’s best for you. There are 2 main types of accounts: cash accounts and margin accounts. Look in the phone book for a broker or such service is usually offers at your local bank.
we have oral history,written history,Archaelogy,Recorded Eye-witness Accounts,Art,Official records, history books. we have 8 types.
How many types of Kobele I.M. accounts are there
There are four major types of accounts that banks normally offer. It may vary bank to bank what their individual accounts are. The major types of accounts are checking accounts, savings accounts, money market accounts, and time deposits.
ELECTRONIC MAIL (E-MAIL) are the types of accounts in the internet
There are several types of accounts offered at Alliance and Leicester. Some of these include personal banking accounts, investments accounts, and credit card accounts.
Sales
types of nature of accounts
Debit accounts receivableCredit sales revenue
explain the types of tranmission in details?
What are the types of backup Explain each?
Managing Accounts and Cardholder Accounts