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Q: What are 3 basic types of checking accounts?
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Continue Learning about Accounting

What are the main methods of checking stock?

3 basic methods for checking stock:lContinuous / perpetual stock checkinglPeriodic stock checkinglSpot checking


Name all three types of accounts that have a normal credit balance?

Following are the accounts with normal credit balance: 1 - Net income 2 - Liabilities account 3 - Owners equity account


What are personal accounts?

Basically there are three types of accounts they are: 1) Real Accounts 2) Nominal Accounts 3) Personal Accounts Let us understand the above in detail : 1) Real accounts - Assests or liabilties like Building, Land, Investments, Loans, Debentures, Equity etc are the real accounts. The Rule of this type of accounts is Debit what comes in and Credit what goes out. 2) Nominal Accounts - Incomes or Expenses like Rent, Stationery, Salary, Interest on Investments, Sales, purchases, Discount given or received etc are the Nominal Accounts. The Rule of this type of accounts is Debit the Expenses and Credit the Incomes. 3) Personal Accounts - Debtors or Creditors accounts are known as personal accounts. The Rule of this type of accounts is Debit the Receiver and Credit the Giver. I think this would suffice ur question... For futher more any query plz contact me on nikhilgokharu@yahoo.co.in


Does having a joint checking account with someone with bad credit affect your credit?

Their credit is not reported on yours unless they mess up the checking account itself. If they bounce a check or start getting a lot of NSF's that will be on both of you. But their previous credit cannot affect yours. First, I would like to explain to you the difference between having bad credit, and having a bad report on ChexSystems. Banks and credit unions usually report people to Chexsystems regarding delinquent bank accounts. Financial companies and lenders report people to the 3 major credit bureaus regarding delinquent accounts. So, with that said, having a joint checking account with someone with bad credit does not affect your credit. If that person goes into delinquent status with the checking account and the bank reports him or her to Chexsystems or some other check verification company, then yes your name and social security will be reported as well. Your report will stay on Chexsystems for at least 5 years, unless you have it removed by some means. There are many banks that offer promotions for checking accounts for people with negative markings on their chexsystems report. A free consumer organization called "InfoAviator" has a pretty large list of them at infoaviator.org/finance/checking-accounts/2014/05/28/how-to-open-a-second-chance-checking/


Difference between routine checking and test checking in auditing?

# Routine checking is for verification of each and every items of books of a/c's Test checking refers to examination of selected numder of items. 2. Routine checking is to check all the transactions without exceptions. Test checking avoids immaterial items. 3. Routine checking is on routine basis. Test checking may be weekly, monthly or quarterly.

Related questions

What is the minimum amount needed to open a checking account with Compass Bank Online?

Compass Bank offers 3 different types of checking accounts, Compass Link, Build to Order, and Basic. All 3 choices however have the same minimum to open an account set at 25$.


What types of services provided by banks?

Most banks provide the basic banking services to its customers. Some of the different services available from banks to its customers are: 1. Checking/Current account 2. Savings accounts 3. internet/Mobile Banking 4. ATM Cards 5. Check Books 6. Deposit Accounts 7. Loans 8. Credit Cards etc.


What are the main methods of checking stock?

3 basic methods for checking stock:lContinuous / perpetual stock checkinglPeriodic stock checkinglSpot checking


Can one person have checking accounts with different banks?

Very well yes. You can have as many checking accounts as you want with as many banks as you want. There are no such restrictions anywhere across the globe. However it is difficult to maintain numerous bank accounts. It is easier to maintain 2 or 3 accounts.


What are the 3 basic types of fats?

The 3 basic types of fats:Saturated FatsUnsaturated FatsTrans FatsMore info:Unsaturated Fats: monounsaturated fats, polyunsaturated fats


What are the 3 categories of consumer credit?

The three types of accounts on a consumer credit report are installment accounts, revolving credit and open accounts. Credit cards are considered revolving accounts.


What are 3 basic rock types?

igneous sedimentary metamorphic


What are the 3 basic types of saw?

Reciprocation, circular or band.


The Best Banks for Your Money?

Between staggering mortgage losses and tightening government regulation, banks haven't been given a lot of wiggle room for additional revenues. Unfortunately, in turn, banks have turned to the consumer to eek out adiditonal profits, targeting bank accounts with hefty fees and monthly charges. Consumers will need to be more savvy an daware of where they decide to put their money, but thankfully help is on the way. According to Money Magazine, here are the top 3 industry leaders for minimizing cost.1. U.S. BankMinimums to avoid fees on basic accounts:• $1,500 monthly balance or $500 monthly direct deposit for basic checking• $300 balance for basic savings• $1,000 balance for money-market accountInterest rates:• 0.05% on basic savings• 0.05% on up to $10,000; 0.10% for $10,000 and up via money-market account2. TD BankMinimums to avoid fees:• $2,500 monthly balance on Premier Checking• $10,000 balance on High Yield Savings linked accountsInterest rates:• 0.05% on Premier Checking• 0.2% to 0.25% on $1,000 to $10,000; 0.35% to 0.55% for $10,000 to $25,000 in High Yield Savings3. HuntingtonMinimums to avoid fees:• None on basic checking• $300 average daily balance or linked account on basic savings• $15,000 across checking and savings for Plus Checking• $20,000 balance or linked Plus Checking for Premier Plus Money MarketInterest rates:• 0.10% on up to $10,000 in Plus Checking• 0.05% on up to $20,000 in basic savings• 0.65% on Premier Plus Money MarketEach of these organizations were chosen for different reasons. U.S. bank is at the top of its game for basic and senior checking accounts. TD Bank is best suited to those with high balance accounts. Huntington is best if you're in the market for a Midsize/Regional bank. As usual, there are benefits and drawbacks to each, but the designations make it that much easier to select one that is right for you.


What are the 3 basic types of tissues in plants?

Parenchyma, Sclenchyma, Collenchyma.


Is Danalaxmi bank is a scheduled bank?

Yes. Dhanalaxmi bank is a Scheduled Commercial bank in India. It provides the basic banking services to its customers which include: 1. Checking/Current account 2. Savings accounts 3. Internet/Mobile Banking 4. ATM Cards 5. Check Books 6. Deposit Accounts 7. Loans 8. Credit Cards etc.


What are the 3 main types of expenditures?

Politics, Policy, and Process. The 3 P's