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What is the accounting treatment of saving deposit in closed bank?
Wiki User
∙ 9y ago
Even if the account is closed, the cash inside of the account is still considered an asset and no accounting entries are necessary. If a new account is opened, the new account is debited the cash balance and the old account is credited.
Wiki User
∙ 9y ago
Anonymous
Moneth Abdul
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What is a saving deposit slip?
A deposit slip issued by your bank for depositing money or checks into your savings account.
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.
What is my balance?
what is my recent deposit and balance on checking account elcantante i need my saving account balance
Accounting Service?
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Where can one get accounting services?
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What are the different types of fixings?
Recurring deposits, fixed deposit, saving deposit
Letter format for recurring deposit installment complete so transfer this money in saving account?
Letter format for recurring deposit installment to from saving account
How do you calculate how much interest rate should be given for 6 month saving deposit?
I calculate the interest rate should be given for 4 month saving deposit
What is a saving deposit slip?
A deposit slip issued by your bank for depositing money or checks into your savings account.
What is the Difference between saving bank rate and Deposit rate?
deposit rate interest rate paid by the depository institution on the cash on deposit where as saving bank rate is interest paid by the banking institution on saving account holder which is calculated on daily basis and credited to customer account quaterly or semi annually.
How much cash can you deposit in your saving account?
In Indian Currency you can deposit Rs.39,999.00 without a PAN card.
What amount you deposit into a saving account could be insured by the federal deposit insurance corporation up to what amount?
$250.00
How do you write a letter to bank manager for closing fixed deposit?
To Manager Subject: Closing Fixed deposit account. This is to inform you that, My Fixed deposit will mature on 01/12/2012, Kindly request you to transfer the fixed deposit to my Saving account, details are mention below. Name: Saving bank account: your faithfully *****
Post office saving scheme recurring deposit maturity chart?
25000
What are the accounts for deposit?
Accounts for deposit are traditionally, checking, saving, money markets and sometime cd's. It is an account that you can add money to on regular basis.
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.
What is element of banking?
This is a system of maintaining cash, deposit and saving and withdrawing cash and cheque
