The commencement of E-Trading and Demat has transformed the capital market in India. With the help of Demat and Trading account‚ buying and selling of shares has become a much faster and even process than trading with the assistance of a physical broker. It provides for the assimilation of bank‚ broker‚ stock exchange and depository participants. This helps to get rid of the painstaking procedure of investing in stock exchange. Today‚ if one wants to invest in stock market‚ he has to contact a broker
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The role of account management is to serve as a connection between client and agency emphasizing its resources on client’s needs. It has the responsibility of handling the client’s expectations such as managing the client’s business‚ having good knowledge of the product‚ business and market. Basically‚ an excellent account person is a master of being a generalist. The account management team have a clear understanding for every departments in the agency such as creative‚ media‚ internal services
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audit during the planning phase. The purpose of assessing risks early is to help auditor plan the audit by deciding which parts of the audit to emphasize and the extent of testing. It helps auditors to understand the nature‚ timing‚ extent of the accounts‚ therefore plan a right procedure and the appropriate evidence to accumulate 2. Explain how the levels of acceptable audit risk and materiality you selected in this assignment might affect the remainder of the audit. Specifically‚ what effect would
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undergraduates at a university are considered? a. S = {in-state‚ out-of-state} b. S = {freshmen‚ sophomores} c. S = {age under 21‚ age 21 or over} d. S = {a major within business‚ no business major} __B__ 14. In the set of all past due accounts‚ let the event A mean the account is between 31 and 60 days past due and the
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TACKLING CURRENT ACCOUNT DEFICIT IN INDIA INTRODUCTION There has been a sharp increase in the Current Account Deficit in Indian economy. In previous years the current account deficit increased moderate rate but in the fiscal year of 2011-12 there was sharp increase in current account deficit‚ marking a rise to nearly 4.2 per cent of GDP. High current account deficit has always posed serious implications for an economy and therefore for India it is a matter of concern. This research paper deals with
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Traditionally Accounts were of 3 type:- 1. Personal Accounts- All individual & artificial accounts. Individual accounts like Ram’s a/c‚ Rakesh’s a/c. Artificial A/cs like M/s Sultan chand’s a/c‚ HDFC Bank’s a/c etc. and outstanding and prepaid accounts fall under this. Rule- Dr. the receiver Cr. the giver 2. Real Accounts- All assets‚ tangible & intangible come under this. Tangible assets like land & building‚ plant & machinery‚ furniture etc. and Intangible assets like goodwill‚ patents
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following members. It should contain data members to store a bank customer’s balance and account number. These should be of different and appropriate data types. It should have function members that do the following: set the account number; return the account number; return the account balance; deposit money into the account; and withdraw money from the account. STEP 2: Create the CheckingAccount Class Derived From the BankAccount Class Back to
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How to Open a Savings Account in State Bank of India. State bank of India is one of the leading public sector banks in India. My first savings bank account was in SBI and I can say by experience that it offers best services among the public sector banks I had visited so far. If you are looking for getting a savings account opened in State bank of India‚ this post will certainly help you. Documents required for opening a savings account in SBI-Two documents are required essentially- first is photo
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Reaction Paper in Opening an Account Opening bank account today would seem so easy. We can easily avail of a wide range of deposit products that answer our needs for greater accessibility to our funds‚ value-added features‚ competitive rates and convenience. Upon opening an account to the bank (RCBC)‚ the bank gave me a registration form that includes details and some basic information about my identity. Honestly‚ I find it uneasy to fill up those forms because of lots of information it requires
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fraud. | Trace a purchase order (PO) from fulfillment to initiation to determine if the proper stakeholders approved the PO and if the order was fulfilled correctly. | 2. Independent reconciliation of the monthly bank statements | Compare accounts for discrepancies (posting and summarization). | Examine and ensure that all in house and bank data coincides to prevent and /or correct possible errors. | Obtain originals of the statements pertaining to six months of the audit period and reconcile
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