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
Can you be on a joint checking account with bad credit?
You can be, although it will be undesirable to the person you're sharing the account with.
What are the functions of ndlea in Nigeria?
FUNCTIONS OF NDLEA IN NIGERIA. 1. NDLEA is an organ of Nigerian Government that helps in regulating standards of drugs manufactured or imported to the country.
2. It's function is to arrest and enforce the law on those who traffic or deal in the business of hard drugs.
3. It's function is to register and ensure quality consumable items are produced for Nigeria markets.
4. One of it's function check imported drugs at the port, factories and drug stores or Pharmaceutical outfits so as to ascertain fake or genuine drugs.
5. The organ prosecutes any offender in the law court.
6. The organ destroys all confiscated hard drugs without any compensation.
What does commercial financing mean?
Commercial businesses are given loans by banks and other sources. When a company is in a state of financial emergency, they will get bailed out if they want to continue running but cannot support themselves.
There are 23 states that Chase ( and/or Washington Mutual) Banks are located in
Arizona
California Colorado Connecticut Florida Georgia Idaho Illinois Indiana Kentucky Louisiana Michigan Nevada New Jersey New York Ohio Oklahoma Oregon Texas Utah Washington West Virginia Wisconsinand many more branches to come soon!
The most likely match for the acronym of COT in this category would be cost of transfer. Another likely answer could be change of trend.
most likely not until the debt is satisfied within the check systems records that you have a $0.00 balance. anyone can pay this off, you or your husband. but it has to be paid first.
Can you deposit a check into a savings account?
No. A check can be deposited only into the account of the individual to whom the check is made out (issued) to. Depositing it into someone else's account is not allowed and even if done by mistake, the check will not be cashed and no payments will be made.
Where can you get safety deposit box from?
Your safety deposit box comes from the bank. If you want to go to it, put your mouse on the orange menu and go to shops. Then click bank. Above the bank there are blue words read them and then when you read safety deposit box, click on it. To add items to the Safety Deposit box go to your inventory and click The item you want to put in it. Then click the blue arrow and click put into your Safety Deposit box. Then click Submit. Then go to your safety deposit box to view the items you put it it.
What are the differences between the central bank of Nigeria and world bank?
central bank perform various actions but its most important job is to make certain that the national currency and money supply remain stable
How do you deposit a check made out to a person and a company?
i need to endorse the check with both the company and my name on it
What is the purpose of student bank accounts?
The purpose of student bank accounts are to receive money easily and efficiently from scholarships, grants, and loans. Also, in the future you can pay back loans easily with a student bank account.
What is the routing number to pay utility bills by Obama?
Do not fall for this-the account number is fraudulent! Obama is not going to pay your bills.
My suggestion would be to pay off the owed balance. Most banks will try to work with you if they see the amount owed was paid off. You may not get a debit or ATM card, but at least you can have a checking account or savings account with some banks.. depending on the severity of what was reported.
Yes you would be able to open an account. There are banks and credit unions that do not use chexsystems. Your options depend on where you live.
What are the importance of banks in the economy?
Banks do not create any money. It only borrow and lend money from their customers. Banks are very important to economy because if bank have certain amount with them then bank can invest in other sectors. which will help in long term by giving them return. Banks have a certain team to do that.
Who is the horse in the ally bank commercial?
the horse is cute and his name is borris,
you cann se himm at www.youtube.com543YQ8
What happens to a person who writes a NSF check to a bank?
Piecemeal distribution of cash and sume?
Piecemeal Distribution of Cash
What is piecemeal distribution?
In actual practice the assets are not realised at once on a single day unless the business is sold to somebody. The partners expect a good price for the assets and therefore, they gradually realise them depending on the market condition. Thus, the whole process of realisation takes some time i.e. may be a few months or even a year or even more. The process followed to discharge the liabilities and claims of the partners as and when the assets are realised is called Piecemeal distribution of cash.
What is gradual realisation and distribution of cash?
In the process of realising the assets and discharging liabilities, the assets are usually realised slowly, steadily and gradually depending on the demand and the liabilities are discharged as and when the assets are realised. Therefore this process is also known as "gradual realisation and distribution of cash". It is also known as "interim distribution of cash" because when the amount realised is not sufficient to discharge the liability fully, an interim payment is made to the extent of cash available. For the balance, the liability holder should wait for another asset to be realised. Thus, the liabilities are paid off as and when the assets are realised.
What is the basis of distribution of cash to capitals of partners in piecemeal distribution of cash? or
What is the purpose behind adjusting the capitals of partners in their profit sharing ratio in the case of piecemeal distribution of cash?
As long as the capital contribution ratio and profit sharing ratio of the partners are one and the same, the distribution of cash as and when realised does not create any problem when pro-rata distribution is made in accordance with their claim. But when these two ratios are different, the pro-rata distribution of cash in accordance with their claims creates problem. If the cash available is distributed in the capital ratio the loss or profit on dissolution to be shared by the partners may not be in the profit sharing ratio. On the contrary, if the cash available is distributed in the profit sharing ratio there is a possibility that one or two partners may get more than what is due to them.
What are the methods of distribution on the schemes followed to distribute cash as and when realised in piecemeal?
These are the methods of distributing cash in piecemeal namely:
(1) Surplus/Excess/Proportionate/Quotient Capital Method.
(2) Maximum Possible/Notional Loss Method.
What does Surplus or Excess Capital Method mean?
It is necessary to adjust the capital of the partners to the profit sharing ratio and pay excess contribution to the partners first as and when the cash is realised. This process should be repeated till the capitals become proportionate to profit sharing ratio. When once the excess contribution of the partner is paid (capitals get adjusted to PSR) the realisation of cash may be distributed to all the partners in their capital PSR.
Since the excess capital contribution is found out by comparing with PSR and paid first, this method is called Surplus/Excess Method. This is called Proportionate Capital/Quotient Method because the capitals are ought to be bought in proportion to PSR.
What is meant by maximum possible loss method? or
What are the assumptions under maximum loss method?
Maximum loss method is an improved method of distribution of cash as and when realised. Here at every stage of distribution of cash realised, it is assumed that there will be no more realisations and the firm is going to suffer the maximum loss. Thus, the loss calculated on an assumption is distributed to partners in their profit sharing ratio before the partner's claims are paid. The assumption of no more realisations result in a notional loss caused at this stage of realisation.
Specify about the order of discharging liabilities in piecemeal distribution of cash?
When the assets are realised gradually piece by piece, there is a need to follow a proper order to discharge the liabilities. Out of the scale proceeds, the expenses of dissolution should be met first and the balance should be utilised to pay the outside creditors (Bank O/D, B/P, Creditors, Loans, etc.) in the following order:
(1) Payment of fully secured creditors
(2) Payment to partly secured creditors to the extent of the securities realisation
(3) Payment to preferential creditors (salary, dues to Government)
(4) Payment to unsecured creditors
(5) Only after completely discharging the unsecured outside creditors, payment to internal liabilities in the form of partners loan should be made
(6) Lastly partners should be paid their dues towards their capital.
If the creditors cannot be distinguished under the categories stated above, the payment should be made 'pro-rata' based on their outstanding claims as and when the assets are realised.
What is a bill from WFN PBP AC?
Many times this charge on your account is from an auto pay center for a consumer credit card from special stores. Something for example mine I jsut found out was from the gander mountain credit card and the babies r us credit card they use this payment center through well fargo. Hope this helps
I bought a trek bicycle and financed it. This is what it shows up as when it clears the account.
What banks acts as a bank for other banks?
It varies from country to country. Every country has a central bank that is the bank for other banks in the country.
Ex:
Federal reserve system - USA
Reserve Bank - India
etc
Is the interest earn t in a bank account classed as an investment?
Interest earned in a bank account is not an investment. It is considered an income. The money that you have in the bank account that earned the interest for you is considered the investment
What does bgc mean on a statement?
It stands for Bank Giro Credit. It generally means that a company has transferred money into your account via BACS or a government agency has paid benefits into an account.
How can one open an account with Rabo Bank?
An individual can either travel to the nearest Rabo Bank location or check on their online website, rabobankamerica. Opening a checking or savings account is easy with Rabo Bank's wonderful and helpful customer service!
