MoneyMarket accounts, is like a savings account. It is most similar to a brokerage in that you deposit money in it, the high interest with high minimum requirements. To answer your question, the purpose of it is to make money.
The bank offers different personal and business accounts. Checking, Savings, MoneyMarket, & CDs Credit Cards, Loans & Financing,Online Banking,treasury management, small business financing.
I haven't been able to find a site where it states that you would get a penalty for removing your funds from your moneymarket savings account. There might be more information though to if there really is one or not.
The rates for money market accounts will vary from bank to bank and between regions. You will find great moneymarket rates online with www.schwab.com . MMA accounts have a lower interest rate than stocks and mutual funds. You would be best to keep your funds where they are.
noneChart of accounts is used for compiling General Ledger and financial accounts by accountants.AR and AP use aged trial balance
SAP A/P Module is used for Accounts payable.
There are several different accounts that are used in the general ledger. Some of these accounts include cash, accounts receivable, inventory, notes payable, accounts payable, and customer deposits.
Small business savings accounts are normally used for trades and bank accounts. These are owned from small business men all around the world. They are perfekt for small business men.
The 2 types of QuickBooks accounts are "Balance Sheet" accounts and "Income and Expense" accounts. Balance sheet accounts can be used to create and add to chart of accounts. Income and expense accounts track income sources and the purpose of each expense.
Commercial accounts are for businesses as opposed to personal accounts which are for individuals. Commercial accounts may also be used in the context of sales person where his clients may be referred to as commercial accounts. For example someone who sells food to a restaurant would consider the restaurants commercial accounts.
SM still has an accounts payable to the proctor and gamble company.
Domiciliary accounts are bank accounts which are used for currencies other than Nigerian Naira. These accounts can be maintained using Pound Sterling, Yen, or Dollars.
they are used for self balancing