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Banking Company Accounts - 1 Video Lecture | Advanced Corporate Accounting - B Com

	Advanced Corporate Accounting 89 videos\|52 docs\|22 tests

Advanced Corporate Accounting

89 videos|52 docs|22 tests

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FAQs on Banking Company Accounts - 1 Video Lecture - Advanced Corporate Accounting - B Com

1. What is a banking company account?

Ans. A banking company account refers to an account that is held by a company in a bank for its financial transactions, such as receiving payments from customers, making payments to suppliers, and managing its finances.

2. What are the benefits of having a banking company account?

Ans. Some benefits of having a banking company account include easy management of finances, access to various banking services like loans and credit facilities, improved financial record-keeping, and increased credibility for the company.

3. How can a company open a banking account?

Ans. To open a banking company account, a company typically needs to provide relevant documents such as incorporation certificate, company memorandum and articles of association, address proof, identity proof of directors, and other required documents as per the bank's policies.

4. What are the different types of banking company accounts available?

Ans. The different types of banking company accounts include current accounts, savings accounts, fixed deposit accounts, cash credit accounts, and overdraft accounts, each serving different purposes and offering various features.

5. What should a company consider when choosing a banking company account?

Ans. When choosing a banking company account, a company should consider factors such as the bank's reputation, account fees and charges, interest rates offered, online banking facilities, customer service, and the suitability of the account for the company's specific financial needs.

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	Nov 22, 2024 Last updated

Video Description: Banking Company Accounts - 1 for B Com 2024 is part of Advanced Corporate Accounting preparation. The notes and questions for Banking Company Accounts - 1 have been prepared according to the B Com exam syllabus. Information about Banking Company Accounts - 1 covers all important topics for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for Banking Company Accounts - 1.

Introduction of Banking Company Accounts - 1 in English is available as part of our Advanced Corporate Accounting for B Com & Banking Company Accounts - 1 in Hindi for Advanced Corporate Accounting course. Download more important topics related with notes, lectures and mock test series for B Com Exam by signing up for free.

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Video Lecture & Questions for Banking Company Accounts - 1 Video Lecture | Advanced Corporate Accounting - B Com - B Com full syllabus preparation | Free video for B Com exam to prepare for Advanced Corporate Accounting.

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	Advanced Corporate Accounting 89 videos\|52 docs\|22 tests

Advanced Corporate Accounting

89 videos|52 docs|22 tests

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