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A Current Account is a Bank Account opened in the name of a business establishment. Banks giving overdraft facilities, by checking the old transactions, if it is necessary for the establishment.
Another meaning:
A current account is a record of transactions between two parties, for example, between a bank and its customer or utility company and its customer.
A current account is a type of bank account into which your wages are paid and you pay your debt/bill from. As compared to a deposit or savings account where you would put surplus money to earn interest on it. One would not normally pay money out of a deposit account on a regular basis.
Wiki User
∙ 7y ago
Wiki User
∙ 16y agoan opened account with the mim amount of money in it
meaning you havne't closed the bank account and can use or add money to write checks, debts ect
Wiki User
∙ 13y agoIs a general ledger that is required for each partner in which amounts which becomes entilted and amounts with which is charged are entered.
by: juanchy
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What is a current account deficit?
current account deficit
What is a current accout?
a current account is an account you have now.
What is current account deficite?
current account deficit
What is the difference between A current account and a cheque account?
what is difference between a current account and a cheque account
What is the different between cash credit account and current account?
Diff. between CC account & current account
What account is similar to a saving account?
Current Account
Difference between current account and cash credit account?
i am a student and wanted to open my account should i open a current account or credit account
What is owner's current account and it's accounting entry?
owners current account is called a personal account and it has a credit entry
What is the relationship between capital account balance and current account balance?
The balance of payments, then, is the sum of the balance on current account and the balance on capital and financial account. It is important to understand that the deficit indicated by the current account is financed through activities recorded on the capital and financial account. The deficit on the current account must be exactly offset by the surplus on the capital and financial account (if it is not, net errors and omissions will correct it). This means then that the sum of the current account and the capital and financial account is equal to zero.
What is current account in bank?
A current account is an account used predominantly by businessmen. There usually a higher number of transactions that are allowed in a current account when compared to savings account and it also earns much lesser interest than a savings account. Savings accounts are much more common in India than current accounts.
Difference between current account and call deposit account?
A call deposit account is a hybrid form of Current account and general saving account which allows us to withdraw money at any time as in current account and provides us interest on the deposit amount as in other saving account.
Analysis of the types of terms of trade?
the current account and the current account balance are within the terms of trade. if you there is money entering the money supply from a foreign market or someone who has not yet deposited the money into a banking system, that will be a current account. it will be a current account balance, composed of capital account, trade account, and account deficit. this means, if the money is leaving the country.
