B Com Exam > B Com Videos > Advanced Corporate Accounting > Banking Company Accounts - 6
Banking Company Accounts - 6 Video Lecture | Advanced Corporate Accounting - B Com
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FAQs on Banking Company Accounts - 6 Video Lecture - Advanced Corporate Accounting - B Com
| 1. What are the different types of accounts offered by banking companies? |  |
Ans. Banking companies typically offer various types of accounts, including savings accounts, checking accounts, money market accounts, and certificates of deposit (CDs).
| 2. How do I open a company account with a banking institution? | |
Ans. To open a company account with a banking institution, you will need to provide the necessary documentation, such as proof of business ownership, identification, and any other required paperwork. You may also need to visit the bank in person to complete the account opening process.
| 3. What are the benefits of having a company account with a banking company? | |
Ans. Having a company account with a banking company can help separate your personal and business finances, provide access to business-specific services, such as merchant services and business loans, and offer better record-keeping for tax and accounting purposes.
| 4. How can I manage my company account online with a banking company? | |
Ans. Most banking companies offer online banking services that allow you to manage your company account online. You can typically view account balances, transfer funds, pay bills, and set up alerts and notifications through the online banking platform.
| 5. What fees are associated with company accounts at banking companies? | |
Ans. Fees associated with company accounts at banking companies may include monthly maintenance fees, transaction fees, overdraft fees, and fees for additional services, such as wire transfers or cashier's checks. It is important to review the fee schedule provided by the bank before opening a company account.
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Nov 22, 2024 Last updated |
Video Description: Banking Company Accounts - 6 for B Com 2024 is part of Advanced Corporate Accounting preparation.
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