CHAPTER ONE INTERNSHIP PROGRAM 1.1. Introduction: The theoretical knowledge and practical training is not the same theme. The theoretical knowledge is fulfilled when it can be used in the practical field. The goal of internship is to apply one’s theoretical knowledge in practical fields. Thus internship is a pragmatic application of knowledge and achieving practical experience by engaging one self in different and distinct sectors of work. That is why the internship program is also included
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------------------------------------------------- What are the different types of cheques Cheque is an important document that an individual‚ companies‚ governments and many others use to transact their business. By definition‚ cheque can be termed as a negotiable document to transfer money either in physical form or to effect inter account transfer. Unless or otherwise stated‚ a cheque is a signed unconditional order addressing the bank to credit it by the issuer. The issuer of the cheque will have an account with the bank to which
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Internship Report On General Banking & Investment Management A CASE STUDY ON SOCIAL ISLAMI BANK LTD. (Panthapath Branch) Submitted To Mr. Shoriful Islam Lecturer in Finance Northern University Bangladesh Developed By Ansar Ullah Al Masud Bangladesh University of Business & Technology (BUBT) Letter of Transmittal 31st December‚ 2009 Mr. Amdadul Haque Lecturer in Finance Bangladesh University of Business & Technology (BUBT) Subject: Submission of Internship report on
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The deposit is recorded in cash receipts but the disbursement is not recorded in cash disbursements. Copyright 2003 Pearson Education Canada Inc. 20 - 11 Kiting example On 12/31‚ Ace’s bookkeeper writes a $5‚000 cheque on the National Bank and deposits the cheque in the Canadian Bank account. National Ace Co. Ace Co. 12/31
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Methods of Payment Payment There are 5 commonly accepted methods of payment: Cash Cash BACS BACS Credit Cards Credit Cards Cheques Cheques Debit Cards Debit Cards © Business Studies Online: Slide 1 Which Methods Are Most Popular? Popular? 45‚000 40‚000 Cash T ra n s a c t io n s ( M illio n s ) 35‚000 30‚000 25‚000 20‚000 Cheques 15‚000 BACS 10‚000 Credit Cards 5‚000 Debit Cards 0 1995 1996 1997 1998 1999 2000 Year 2001 2002 2003 2004
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for him to steal a certain amount of cash and falsify the journal entries to correspond with the amount to bank. This can also be applied to the Accounts Clerk who also handles the cash and cheques and is also able to update the ledger accounts if the Assistant Accountant is busy. Furthermore‚ cash and cheques do not always get banked at a certain day or time within a week. The inadequate segregation of duties‚ in regards to handling both the banking and maintaining the ledger accounts becomes an
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Bills of Exchange‚ Cheques & Promissory Notes : 1 Bills of Exchange‚ Cheques & Promissory Notes Theory‚ principle‚ concept And Operational significance Objectives : 2 Objectives Theory and Principles Negotiable instruments. Definition and features of bill of exchange. Cheque‚ components‚ features and crossing To understand the components of cheques. Return cheques & BMC Difference between bills of exchange and cheques To define promissory notes. Theory : 3 Theory Money as
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CATCHWORDS: Bank — Cheque — Condition restricting use — New cheque book on bank’s change to computer mechanisation — Cheque book bearing on cover notice that it was only to be used for account for which issued — Cheque altered by customer for use for account with another branch‚ which was later instructed by customer not to pay cheque — Ink alterations not capable of being read by computer — Cheque met by branch issuing cheque book — Whether notice on cover and used of cheque book by customer varied
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Q#1: A draws a bill payable to B or order with X‚ as the drawee. The bill was successively endorsed to C‚ D‚ E and F‚ holder. X does not pay and F has duly protested non-payment. Y pays for the honor of C. Which of the following statement is wrong? a. D is discharged. b. E is discharged. c. C is discharged. d. Y can ask reimbursement from A. Answer: C All parties subsequent to the party whose honor it is paid are discharged but the payor for honor is subrogated for‚ and succeeds to
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