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The average number must certainly be above one as it takes only one customer to have two or more accounts to increase the average. Then there is the question of company accounts and joint accounts.
It is possible that a given bank branch office only has one account per customer, but unlikely that a bank would
What else can I help you with?
How much would a customer receive when the customer wishes to close the accounts that he has two accounts with bank A one with a debit balance of RM2000 and the other a credit balance of RM3000?
Customer will raceive RM1000 as a net balance receivable from bank
What is the journal entry for collected on account 1200?
Debit cash / bank 1200Credit accounts receivable 1200If it is a collection from customer's account, thenDEBIT: Cash 1200CREDIT: Accounts Receivable 1200Collection from customer's account
What is the journal entries for collected 425 from customer on accounts?
Debit cash / bank 425Credit accounts receivable 425
Why are accounts in bank are closed?
Bank accounts are usually closed by two ways 1. When the customer no longer wants the account and requests the bank to close it 2. When the customer no longer uses the account for prolonged time periods and the bank automatically closes that account due to lack of activity
What is the journal entry for cheque dishonour?
debit accounts receivablecredit bank
What is difference between Number of bank accounts and bank account number?
Number of bank accounts is how many bank accounts and bank account number is the number that identifies the bank account.
What does depositor base mean when referring to a bank?
The deposit base represents the average number of customer deposit accounts available to a bank for investment at any given time. These are advantageous to banks for offering them a dependable source of income for investments and lending and a strong customer loyalty base.
How much would a customer receive when the customer wishes to close the accounts that he has two accounts with bank A one with a debit balance of RM2000 and the other a credit balance of RM3000?
Customer will raceive RM1000 as a net balance receivable from bank
What is the meaning of customer in terms of bank?
A customer for a bank is any individual who uses the services of the bank. It may be maintaining accounts or depositing cash or availing loans etc.
What is the journal entry for collected on account 1200?
Debit cash / bank 1200Credit accounts receivable 1200If it is a collection from customer's account, thenDEBIT: Cash 1200CREDIT: Accounts Receivable 1200Collection from customer's account
What is the widrawl slip of bank?
A Withdrawal slip is a piece of printed paper that is used by bank customer to withdraw money from their bank accounts. The customer has to write their name, account number and the amount they wish to withdraw, sign it and hand it over to the bank teller. The teller will verify the customers signature and if there is sufficient balance in the account, will give cash to the customer.
What is the journal entries for collected 425 from customer on accounts?
Debit cash / bank 425Credit accounts receivable 425
What services does eTrade bank provide?
The eTrade bank provides a number of services. Services include customer support, mobile banking, listings of bank rates, fees and mortgages as well as checking accounts online.
Why are accounts in bank are closed?
Bank accounts are usually closed by two ways 1. When the customer no longer wants the account and requests the bank to close it 2. When the customer no longer uses the account for prolonged time periods and the bank automatically closes that account due to lack of activity
What is the journal entry for cheque dishonour?
debit accounts receivablecredit bank
What is CIF No in allahabad bank?
The CIF (Customer Information File) number in Allahabad Bank is a unique identifier assigned to each customer that contains all relevant information and details related to their banking relationship. This includes personal information, account details, and transaction history. The CIF number is essential for various banking services and helps in maintaining accurate records for customer accounts. Customers can typically find their CIF number on bank statements or by contacting the bank directly.
How can one access their bank accounts?
To access their bank accounts, one can typically use online banking services provided by their bank, visit a physical branch location, use an ATM, or call the bank's customer service hotline.
