Importance of Internship experience: My internship experience was remarkable during my internship I observed following points: ➢ Internship provides you practical learning along with your bookish knowledge that you got from the university. ➢ Internship polishes your skills ➢ Concepts become clearer and you will feel the difference between your past learning and this practical work. ➢ Increase in the confidence level and your mental approach become extensive. ➢ Dynamic thinking
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| |CLASSIFICATION OF BANKS |PROMISSORY NOTE | |SYSTEMS OF BANKING |CHEQUE | | |CROSSING & ENDORSEMENT
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The court system in the middle ages worked by using the term “guilty until proven innocent” and using trials of ordeal to determine innocence.The courts weren’t based on the idea of an accused being innocent until proven guilty as there was no concept to believe the accused was innocent. It was the job of the accused to prove their innocence. The accused could do this by taking an oath to prove their innocence. The accused would also be required bring oath helpers‚ these helpers would normally know
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cash or payment information (i.e. cheque and credit cards). The actual settlement of payment takes place in the financial processing network. A cash payment requires a buyer’s withdrawal from his/ her bank account‚ a transfer of cash to the seller‚ and the seller’s deposit of payment to his/her account. Non-cash payment mechanism are settled by adjusting i.e. crediting and debiting the appropriate accounts between banks based on payment information conveyed via cheque or credit cards. e-payment
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[pic] INTERNSHIP REPORT ON MUSLIM COMMERCIAL BANK Instructed by: Mr. Naveed Ahmed Lecturer Comsats Institute of Information Technology Presented by: Muhammad Hussain MBA-A Roll No.65 Semester 3 DEDICATION I dedicate whole of my education along with my life to my beloved parents and respected teachers‚ who were always kind to me. May God Bless Them (Aamin). Muhammad Hussain TABLE OF CONTENTS 1. Preface 2. Introduction Of Bank 3. Types of Bank
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$500‚ it is placed in an envelope marked “cash” and stored in a drawer in the supervisor’s office. 3. The company’s accountant makes daily bank deposits. 4. The clerk in the receiving department authorizes all payments for purchases. 5. Blank cheques are kept in the main office. Instructions: For each of the above procedures‚ explain the weakness in internal control‚ identify the control policy or procedure violated and suggest a change in procedure that will result in better control. Complete
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brutal jobs. These jobs were leach collectors‚ archer and arming squire. The medieval Europe had the harshest and brutal law and order. if a person was caught for murdering or stealing‚ they would have to go through three ordeals. These were ordeal of fire‚ ordeal of water and ordeal of combat. So in this essay as you can see I will be talking about the medieval period. The black plague/black death I believe the black plague was the worst disease in the medieval period. The plague killed millions
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| 32 | 8.15. Ongoing Activities…………………………………………………………………………. | 36 | 8.16.3. Issuing a Cheque Book………….…………………………………………………….. | 36 | 8.16.4. Dormant Activation…………………………………………………………………….. | 37 | 8.16.5. Zakat Deduction Form………………………….……………………………………… | 37 | 8.16. Month End Activities…………………………………………………………………….. | 38 | 8.17.6. Cheque
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TYPES OF NEGOTIABLE INSTRUMENT Section 13 of the Negotiable Instruments Act states that a negotiable instrument is a promissory note‚ bill of exchange or a cheque payable either to order or to bearer. Negotiable instruments recognised by statute are: (i) Promissory notes (ii) Bills of exchange (iii) Cheques. Negotiable instruments recognised by usage or custom are: (i) Hundis (ii) Share warrants (iii) Dividend warrants (iv) Bankers draft (v) Circular notes (vi) Bearer debentures (vii) Debentures
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Oct 09 | Karon collected a $10 000 cheque from its customer for sales made in the previous month. | | | Oct 12 | Karon bought some inventory for $100 000 on the following terms 3/5‚ n/60 | | | Oct 14 | Karon issued a cheque to fully settle for the purchase made on October 12 | | | Oct 15 | Karon received a cheque from its customer for the sales made on October 06 | | | Oct 19 | Karon bought a new computer for business use. It paid by cheque $5000 | | | Oct 23 | The owner
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