broker’s commission on land purchased 3‚500 5. Insurance premium paid for first year’s insurance on new truck 880 6. Cost of landscaping on property purchased 7‚200 7. Cost of paving parking lot for new building constructed 17‚900 8. Cost of clearing‚ draining‚ and filling land 13‚300 9. Architect’s fees on self-constructed building 10‚000 Instructions Indicate to which account Trudy would debit each of the costs. 1. Sales tax on factory machinery purchased $ 5‚000 2. Painting of and lettering
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on The NASDAQ Stock Market to make the cutting edge products that are now integral to our daily lives. These companies have also created millions of jobs around the world along the way. Today‚ the NASDAQ OMX Group owns and operates 24 markets‚ 3 clearing houses‚ and 5 central
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NSE in Derivatives Trading” The Trading of currency futures is subject to maintaining initial‚ extreme loss‚ and calendar spread margins and the clearing corporations of the exchanges (In the case of NSE it is NSCCL) should ensure maintenance of such margins by the participants based on the guidelines issued by SEBI from time to time. The clearing corporation acts as counterparty to all contracts traded on the exchange and is responsible for settling all trades. They control their risks‚ by asking
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Jinnah University ISLAMABAD Internship Report At Submitted by: Mr. Umair Azim ME063005 MBA (B&F) An Internship Report on Soneri Bank Ltd. Table of contents History Job Description Departments‚ I served Accounts Opening Remittance Clearing Areas‚ I learnt How my internship would influence my career Conclusion An Internship Report on Soneri Bank Ltd. History Incorporated on September 28‚ 1991 the first Branch of Soneri Bank Limited formally opened doors for operations in Lahore
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Innovation Anthony‚ B (2004). Client Alert: Check 21 A Catalyst For Innovation. Retrieved on November 25‚ 2007 from http://www.lordbissell.com/Newsstand/Check21-Anthony.pdf ARTICLE SYNOPSIS The article reviewed in this paper describes the Check Clearing for the 21st Century Act‚ or Check 21‚ which came into effect in October of 2004. This Act allows the use of a substitute check as a negotiable instrument‚ rather than a paper check. The substitute check is a legal tender and the equivalent of a
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Chapter 1 Introduction Banking sector has significant contribution in the economy of a country. In banking sector the activities performed in GB and in Accounts department is of greatest importance. Banking service is directly related with clients. Banking activities facilitate clients to deposit their money in the bank according to their needs‚ to withdraw cash available in clients bank account‚ help the clients to engage in transaction in a safely mode‚ help the clients to improve their
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CHAPTER-1: INTRODUCTION & RESEARCH METHODOLOGY Introduction:- commodity market Commodities futures trading have evolved from the need for ensuring continuous supply of seasonal agricultural crops in Japan‚ merchants stored rice in warehouses for future use. In order to raise cash‚ warehouse holders sold receipts against the stored rice. These were known as “rice tickets” Eventually such rice tickets became accepted as a kind of general commercial currency. Rules came into being‚ to
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* Table of Contents Subject | Page # | 1. History & Background……………………………………………………………………………… | 5 | 2.1. Emergence of Banking……………………………………………………………………. | 5 | 2.2. Bank Alfalah Limited………………………………………………………………………. | 5 | 2.3. Bank Alfalah Limited at Present……………………………………………………... | 6 | 2.4.1. Vision………………………………………………………………………………………….… | 8 | 2.4.2. Mission Statement…………………………………………………………………….…. | 8 | 2. Company Profile……………………………………………………………………………………
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Comparative Study on analysis of General banking of EXIM bank. The report concentrates particularly on the A Comparative Study on General Banking department of Exim bank like Account opening section‚ Deposit section‚ Cash section‚ Remittance section‚ Clearing section and Its Accounts section The report focuses on the General Banking in that branch. I hope that this study will help the readers to understand about the General Banking. I also believe that this report will satisfy you. However‚ I am
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