0
What is the accounting treatment for banker acceptance in banks?
Wiki User
∙ 9y ago
A banker's acceptance starts as a time draft drawn on a bank deposit by a bank's customer to pay money at a future date, typically within six months, analogous to a post-dated check. Next, the bank accepts (guarantees) payment to the holder of the draft, analogous to a post-dated check drawn on a deposit with over-draft protection.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
What food does a banker horse eat outer banks nc?
wild horses in outer banker
What are the function of the central bank in Ghana?
1)it is banker to banks 2)lender to the banks
What is lil durk real name?
Durk Banker
Where do banker horses live?
Banker horses are found on the Outer Banks Islands near North Carolina where they run feral on the islands.
What is a collecting banker?
A collecting banker is one who undertakes to collect the amount of a cheques & bills for his customer from the paying banker. A banker is under no legal obligation to collect cheques drawn upon other banks for a customer. But this function is performed by every modern bank.
Can you open an account with euros?
Different banks offer different services and accounts. Speak to your banker.
What banks offer passbook savings accounts?
Almost all of them. Go to your neighborhood banker and ask.
Are there online accounting classes?
There are several places in which you can take online accounting classes. The main place in which you can do so is on Banks accounting's website. They have many classes.
Is it true or false Under GAAP the accrual system of accounting is used by investors and banks for financial statements.?
Under GAAP, the accrual system of accounting is used by investors and banks for financial statements. True or False?
Who borrows money from federal reserve banks?
All member banks of the Federal Reserve in USA can and do borrow money from the federal reserve. The Federal Reserve is the banker of banks to whom the banks go when they need money.
Where can you do accounting work experience in west London?
In banks near you such as Santander, Barcleys, HSBC, RBS and any more banks you can think of. :)
Do banks offer bank employee training?
Banks will offer their own training for many positions such as tellers. Other positions at banks require you to come with training such as IT support or accounting.
