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If you deposit 10000 in a bank account that pays 8 percent interest anually how much would be deposited in your account after 5 years?
(10000)(0.8)(5)/100 ~ 10400
If a person makes a deposit of 10000 or more into a bank account the bank must notify the?
the federal gov't. taxes bro. there gonna want to know where that money came from so you better have an alliby.
What does credit on debit card means?
Available credit or in general credit on a Debit card means - the amount of money you have in your bank account. Lets say you have Rs. 10000 in your account then your credit is Rs. 10000 only.
How you get interest rate?
First you need a bank account and money you put the money in the bank account, wait for a year or two and then you get more money in your bank account
How do you have a joint bank account?
You can have a joint bank account when two or more individuals especially in a partnership business opens an account with the firm name and have more than one signatures.
If you deposit 10000 in a bank account that pays 8 percent interest anually how much would be deposited in your account after 5 years?
(10000)(0.8)(5)/100 ~ 10400
If a person makes a deposit of 10000 or more into a bank account the bank must notify the?
the federal gov't. taxes bro. there gonna want to know where that money came from so you better have an alliby.
What is the accounting journal entry for Purchase equipment for 10000 cash?
Equipment (asset account) - DR 10,000 Cash / Bank account - CR 10,000
If you deposit 10000 in a bank account that pays 10 percent interest anually how much would be deposited in your account after 5 years?
5000
What does credit on debit card means?
Available credit or in general credit on a Debit card means - the amount of money you have in your bank account. Lets say you have Rs. 10000 in your account then your credit is Rs. 10000 only.
What are overdrafts?
Overdraft is a special facility provided to special and valuable customers. It is a facility wherein the customer can spend more than what is in his/her account. The customer can usually spend until a higher threshold set on his/her account. Ex: Lets say you have Rs. 25000/- on your account and the bank has given you an overdraft facility of Rs. 10000/- Then you can spend upto Rs. 35000/- from your account. This extra 10000 that is available to you is called overdraft. The bank would usually charge you a fee and interest for providing this facility.
How you get interest rate?
First you need a bank account and money you put the money in the bank account, wait for a year or two and then you get more money in your bank account
Can you reopen a bank account that's been closed?
No. Once a bank account is closed, the account number remains unused by the bank for seven or more years (it varies by individual bank). You may reopen a new account with the same bank, provided the first account was not closed by the bank for improprieties perpetrated by you.
How do you have a joint bank account?
You can have a joint bank account when two or more individuals especially in a partnership business opens an account with the firm name and have more than one signatures.
What are the disadvantages of having an offshore bank account?
One of the disadvantages to having a offshore bank account is that you have to choose your jurisdiction carefully. Another disadvantage to having a offshore bank account is that its much more difficult solving issues with your bank account.
What are the examples of contra voucher?
# Cash account to Bank account # Bank account to Cash account # Bank account to Bank account
Do you have procedure called re-activating account?
Yes. It is a formal operation that happens when a customer tries to revive or reactivate his/her bank account. Lets say I go abroad for some business and stay for 3 years without using my bank account that has lets say Rs. 10000 in it. After 6 months of inactivity, the bank will make my account dormant. After I come back to India, I can visit the bank and request them to reactivate my account. They will do so after accepting a formal request from me.
