Straight transaction account - a simple way to pay personal and household bills.
Combination account - you can write cheques, make debit transactions, and also collect a small amount of interest.
because there is alot of different types of transactions going in and out the account
Accounts receivable factoring is a transaction by which a business sells their invoices to another company at a discounted price. It must be taken into consideration that this transaction is not a loan.
There are many different types of accounts offered by banks. Some of the main ones are: a. Savings Accounts b. Checking Accounts c. Time Deposit Accounts d. Recurring Deposit Accounts e. Overdraft Account f. Etc
No. Because it is not a transaction or a source document
yes
because there is alot of different types of transactions going in and out the account
There are many functions of core banking. A few of the functions are payments, mortgages, and several types of transaction accounts.
2
4 types of transaction processing system
Accounts receivable factoring is a transaction by which a business sells their invoices to another company at a discounted price. It must be taken into consideration that this transaction is not a loan.
There are many different types of accounts offered by banks. Some of the main ones are: a. Savings Accounts b. Checking Accounts c. Time Deposit Accounts d. Recurring Deposit Accounts e. Overdraft Account f. Etc
No. Because it is not a transaction or a source document
yes
to check the transaction at the end of the day
Cash TransactionCredit TransactionBarter TransactionPaper Transaction
[Debit] Goods purchased [Credit] Accounts payable
by preparing journal and ledger accounts of transaction