book not bank
1.cash book 2. bank book 3.general journal
This kind of journal entry is called contra entry in which at both sides that is at debit side and credit side cash or bank is used.
International Journal of Bank Marketing was created in 1983.
There were two recent bank mergers in India. They are:Industrial Development Bank of India and its own subsidiary IDBI Bank merged into one entityCenturion Bank and Bank of Punjab merged with one another to form Centurion Bank of PunjabCenturion Bank of Punjab merged with HDFC Bank and the entity together was called HDFC Bank because HDFC bank was a much larger entity than CBoP
Debit cashCredit bank
Journal entry for opening a bank account
interest allowed by bank
bank a/c to cash a/c
in the end Brixner overcame his rival Thiemann to become chairman of the new entity, which was to be called Deutsche Zentral-Genossenschaftsbank (DZ Bank).
bank a/c dr to bank loan a/c
Debit cash / bankCredit loan from bank / bank overdraft
Bank guarantees given by the entity can be verified as follows, 1) Authorisation for the bank guarantees entered by the entity. This can be verified through copies maintained by the entity. 2) We can request for bank confirmation containing the details of bank guarantees entered by the entity with that particular bank. 3) For the gurantees entered for the benefit of its subsidiaries / associates, we can verify the details of the same with statutory register maintained under section 372A of Companies Act,1956