Salary is an expense for business and that's why shown under income statement as an expense.
salary account debtor to salary outstanding account
I don't get interest in my salary account so I want to change it to savings account
A salary bank account or a salary account as it is more commonly called, is nothing but a regular bank account but one in which your employer will credit your monthly salary/paycheck every month. If you have a salary account with a bank, banks usually provide you with additional facilities like 0 balance account, credit cards, overdraft facilities etc.
The average salary of a payroll account is around 60000$. A starting salary would vary by your educational qualifications, but would be around 40000$.
In Salary Account 0 balance is allowed and in saving account minimum balance required
No. A person's salary can be paid only into a bank account that is held by the person to whom the salary is paid. For ex: if I work ABC company and get a monthly salary of USD $3000, the money can be credited only into a bank account that has my name as the account holder. It cannot be paid into your bank account.
no,it's personal account.
It depends on the type of account you have. For ex:For a regular savings account you need a quarterly minimum balance of Rs. 10000/-For a Salary account - it is '0'For a Savings account with a Gold Debit card - it is Rs. 50000/- quarterly balanceEtc.
You can go to any bank that you have a bank account with and ask for an overdraft account. Whether or not they give you an OD facility depends on the following factors: a. The type of bank account you have b. Your history with the bank c. Your monthly salary d. Whether your salary gets credited to this account e. Can you provide collateral like Fixed Deposit or Gold etc. The chances of getting an overdraft are significantly higher for people having a salary account and even higher for people who can provide collateral.
Debit salary accountCredit cash / bank
The president makes a base salary of $400,000 a year. He is also given a travel account, an entertainment account and other benefits. This brings his salary to $550,000 dollars a year.
I am getting salary of aed 2750 per month. i want to know if i can open a salary account in dubai islamic bank