answersLogoWhite

0

💰

Commercial Bank and Checking Accounts

Checking accounts are deposit accounts that allow customers to deposit or withdraw any amount of money, subject to funds’ availability. Most commercial banks offer checking accounts to both individuals and companies.

3,404 Questions

Eliza Savage received a statement from her bank showing a checking account balance of 324.18 as of January 18 Her own checkbook shows a balance of 487.38 as of January 29 The bank returned all?

Eliza Savage's bank statement balance of $324.18 as of January 18 and her checkbook balance of $487.38 as of January 29 indicate a discrepancy. This could be due to outstanding checks that have not yet cleared the bank. To reconcile the balances, Eliza should compare the transactions recorded in her checkbook with those reflected in the bank statement, taking note of any outstanding checks or deposits that may explain the difference. By adjusting for these outstanding transactions, she can reconcile the balances and ensure the accuracy of her financial records.

What is a difference between suspense account and sundry account?

A suspense account is used to temporarily hold uncertain or unidentified transactions until they can be properly classified and recorded in the appropriate accounts. On the other hand, a sundry account is a general ledger account used to record small, infrequent, or miscellaneous transactions that do not fit into specific categories. The key difference is that a suspense account is a temporary holding account for transactions that require further investigation or clarification, while a sundry account is a permanent account for miscellaneous transactions.

How do you write 34.67 in word form on a check?

You write it as "thirty-four and 67/100." Just make sure your handwriting is legible so the bank teller doesn't have to play detective to figure out what you scribbled on that check. Happy check-writing!

What happens if you write checks on someone elses account?

Well, friend, writing checks on someone else's account is not a good idea. It's important to always use your own checks for your transactions to avoid any confusion or legal issues. If you need help with managing your finances, I recommend reaching out to a trusted financial advisor who can guide you in the right direction.

What does acf mean on a joint checking or savings account?

ACF stands for "Authorized Check Signer" on a joint checking or savings account. This designation indicates that the individual has the authority to sign checks on the account. ACF status allows the designated individual to conduct financial transactions on behalf of the account holders. It is important to understand the responsibilities and limitations associated with being an ACF on a joint account.

What money transfer agency has 9 digits reference number?

Oh, dude, that's an easy one. The money transfer agency you're looking for is Western Union. Their reference numbers are 9 digits long. So, like, if you ever need to track down some cash or something, just look for that 9-digit code and you're good to go.

As an auditor is not a valuer is intimately connect with value?

Oh, dude, an auditor and a valuer are like distant cousins at a family reunion - they might be related in some way, but they're definitely not the same. An auditor checks financial records for accuracy, while a valuer determines the value of assets or properties. So, yeah, they're connected through the world of finance, but they have very different roles.

What does Fdes Nnf 0005468 Nbkqzf8 mean on my bank statement?

This line on your bank statement indicates that a transaction was processed on your account. The codes and numbers are the identification of the transaction. A phone call to the bank should help clarify the purpose of the transaction.

The balance in Beths checking account is 75 she must deposit enough money in her account to be able to pay the electric bill which us 110 how much should she deposit?

Current Balance: 75

Amount needed for Electricity Bill: 110

Amount that needs to be deposited = 110 - 75 = 35

Beth needs to deposit atleast 35 dollars if she wants enough money to pay her electricity bill.

What is the penalty for writing a check on an account that didn't exist?

No, the interview is very fast and the Visa Officer will ask questions you aren’t expecting. The answers you should give depend on your nationality, job, relatives in the US, and many other factors. Don’t repeat answers you read online because many others have already used them and Visa Officers know they are fake. Consider working with a former Visa Officer who can review your DS160 visa application and help you craft your interview answers. Hearing aid dealers in Chennai The clinic’s patient-centric approach extends beyond just clinical care. Denoc offers ongoing support and follow-up services to ensure that patients adapt well to their hearing aids and experience the best possible outcomes.

visit our website: denochearing .com/siemens-products/

Is a savings account a time deposit?

No, a savings account is not a time deposit. A savings account typically allows for unlimited deposits and withdrawals, while a time deposit requires the funds to be held for a fixed period of time in exchange for a higher interest rate.

What is needed to open bank account in Kenya?

To open a bank account in Kenya, you typically need to provide a valid identification document such as a national ID card or passport, proof of residence (e.g., utility bill or lease agreement), and minimum initial deposit amount as required by the bank. Some banks may also require you to fill out an account opening form and undergo a know-your-customer (KYC) verification process.

What are the qualifications to join a university in Kenya?

To join a university in Kenya, you typically need to have completed secondary education and passed the Kenya Certificate of Secondary Education (KCSE) examination. You will also need to meet the specific entry requirements set by the university and potentially pass an entrance exam or interview depending on the program. International students may need to provide additional documentation such as proof of English proficiency and academic transcripts.

How can you see your Himalayan bank account?

You can access your Himalayan bank account by visiting the bank's website and logging into your online banking account. Alternatively, you could visit a branch or contact customer service for assistance in accessing your account information.

Roles of commercial banks in kenya?

The role of commercial banks in Kenya is to provide an avenue to save or take loans and pay back with interest. They provide liquidity and are a good channel through which the Central Bank manages inflation in the country.

What are the functions of central bank?

Central Bank is an apex institution that control, regulate and supervises monetary and credit system of country. It is established and run by government. Following are the functions of Central Bank:-

1) Issue of notes

2) function as Government bank

3) function as Banker of Banks

4) Creation and control of Credits

5) Develops banking system

6) mobilizes capital and Manages the debt

7) controls foreign exchange

How do you calculate EBIDTA?

EBITDA «ee-bit-dah» is an acronym for Earnings Before Interest, Taxes, Depreciation, and Amortization. The same calculation can be arrived at from "operating income before depreciation and amortization" (OIBDA). It is one measure of 'operating cash flow'. It differs from the cash flow from operations found in the Statement of Cash Flow primarily by ignoring payments for taxes or interest. EBITDA does not add back many of the other non-cash operating expenses, like the Statement of Cash Flow does. EBITDA also differs from free cash flow because of the difference above, and also because it does not recognize the cash requirements for replacing capital assets. Although there are different points of view regarding the use of this metric by equity owners, most agree to its validity when used by debtholders, or to evaluate a business's ability to handle debt.

What are the examples of rural banks in the Philippines?

Some examples of rural banks in the Philippines are Banco ng Masa, Cantillan Bank, and Rural Bank of Luna. These banks are focused on serving the financial needs of rural and agricultural communities, offering loans, savings accounts, and other banking services tailored to the needs of rural customers.

When checking IDs to identify minors what should you look for on the British Columbia Drivers Licenses and Identification Cards When checking IDs to identify minors what should you look for on the Bri?

When checking IDs in British Columbia, look for the individual's date of birth to confirm they are over the legal age. For driver's licenses, ensure the license is valid and not expired. Additionally, verify the photo on the ID matches the individual presenting it.

Can an attorney freeze a joint checking account in NY?

Yes, in certain situations, an attorney may be able to obtain a court order to freeze a joint checking account in New York as part of legal proceedings. This is typically done to prevent the depletion of assets that may be subject to a legal dispute or judgment. Both account holders will be affected by the freeze.

Total number of banks in US?

A. Weak versus Healthy Banks

Chart 4. The title is "Number of U.S. Banks by Size Category"

A bar chart. 4,893 banks or savings institutions have more than $100 million in assets; 3,517 have $100 to $500 million; 859 have $500 million to $5 billion; 150 have $5 to $50 billion; and 22 have more than $50 billion.

4883

3517

859

150

50

=====

9459 banks with $100 million or more.

http://www.fdic.gov/bank/analytical/working/wp2003_07/index.html#fig04

http://url.rexroof.com/21834