Please State Bank Of India SBI. Terms of Service | what is BRS and how it is prepared in BPO sector?? A bank account is a financial account maintained by a bank or other financial institution in which the financial transactions between the bank and a customer are recorded. Copyright © 2005-2019 ALLInterview.com. a) nominal It comes under the category of Artificial personal account. EXL, FIS, Genpact, Riscure, Give 15 examples for real and nominal accounts. Each financial institution sets the terms and conditions for each type of account it offers, which are classified in commonly understood types, such as deposit accounts, credit card accounts, current accounts, loan accounts or many other … What is the nature of bank account: A bank account is a record maintained by a banking institution, in which it records an ongoing series of cash inflows and outflows on behalf of a customer. b) real bank account is a real account in case of depositing & withdrawing of money from bank. Copyright Policy | All Rights Reserved. answer fast..... 5 Answers   b) real What is the nature of bank account: Artificial persons are created by law and Real persons are members in it. If there is more than one individual who has access to the account, it is known as a joint account. The bank is receiving the amount Cash is going out: Debit Credit: 10. It comes under the category of Artificial personal account. Contact Us. So Bank account is a personal account. Any resident individual- single accounts, two or more individuals in joint … Explain me what is general ledger account? The following list describes a number of the more common bank account types: A bank earns money on the bank accounts it manages by charging user fees, as well as by earning incremental interest income on funds held in these accounts, net of any interest paid to the holders of the accounts. Site Map | c) personal.. More Accounting General Interview Questions, For more Accounting General Interview Questions. Artificial persons are created by law and Real persons are members in it. a) nominal between laibilities and provision? WHEN WILL SBI DECLARE THE RESULTS OF INTERVIEWS OF CLERICAL Cash A/c Capital A/c: Real A/c Personal A/c: Cash is coming in Suryani is the giver: Debit Credit 2. what diff. Bank Account is a personal account. Nature of Accounts Reason for Effect on Accounts: Debited or Credited 1. Why we show always closing stock in credit? So Bank account is a personal account. and in case of loan taken from bank then bank is a personal account. Bank A/c is a real account but if the bank with name for example HDFC Bank A/c then it is personal account. c) personal, Answers were Sorted based on User's Feedback, Bank comes under personal accout (artificial personal a/c) CURRENT ACCOUNT. CADRE HELD IN APRIL-MAY 2010? 0 Answers   Where do generally accruals appear on the balance sheet? What are mis reports and do you prepare it? why aritificial personal means it indirectly represent a Bank account will come under personal account. A bank account is a record maintained by a banking institution, in which it records an ongoing series of cash inflows and outflows on behalf of a customer. This is the reverse of the meaning of debits and credits within a business, where a debit balance means that a business has accumulated assets, and a credit balance means that the business has accumulated liabilities. The bank account also shows the current balance of cash in the record as of any point in time. 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When a bank account has a positive balance, which means that the bank is storing money on behalf of a customer, the account has a credit balance. Bank Account is a personal account. The bank account also shows the current balance of cash in the record as of any point in time. person, option C is the answer. If there is more than one individual who has access to the account, it is known as a joint account. Conversely, when the bank account has a negative balance, where the customer owes money to the bank, the account has a debit balance.

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