We are going to share with you the notes for different classes as mention above just for the help of our students, so that they can perform best in exams and in the near future, they can become good citizen of our society and take part in the development of our country. Would you like to read the notes or you can download them into your computer for offline learning. Students should take keen interest in study because they are the future of our country. See Below:-
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Money Banking and Finance Notes
All of the above documents are submitted either to the chief legal adviser or to the chief accountant of the bank. After the appropriate examination of the documents, the bank opens a current account for the enterprise (on the corresponding balance sheet account of the bank) with the assignment of a number. Opening a current account in a bank is accompanied by the conclusion between the enterprise and the bank of the Agreement on settlement and cash services (hereinafter referred to as RKO).
In accordance with the said agreement, the bank assumes obligations for timely and comprehensive cash and settlement services in accordance with the current regulatory documents (calculations, issuance of cash and settlement checkbooks, personal account statements, postal and telegraph services, provision of consulting services on account management and etc.); to ensure the safety of all funds received on the client’s account and return them at the first request of the client, on the confidentiality of information and the preservation of trade secrets on the client’s operations. The Client accordingly undertakes: to comply with the requirements of the current regulations governing the procedure for the implementation of settlement and cash transactions; keep all your funds only in a bank account; submit to the bank, within the established time limits, accounting and statistical reporting that meets the requirements of the Regulations on Accounting and Reporting, and other documents necessary for the organization of cash settlement services; notify the bank in writing in advance of closing the account, as well as changing the legal form (with the submission of notarized constituent documents).