Accounting System In BANKS
This query is : Resolved
11 November 2008
Would any one Explain me What type of books ,register, are maintain in the bank for keeping records upto date and fast entries , provide some example or weblink to article and refrences etc ?
What is control account ?
Would any one Explain me What type of books ,register, are maintain in the bank for keeping records upto date and fast entries , provide some example or weblink to article and refrences etc ?
What is control account ?
11 November 2008
In the light of extensive computerisation, the e-records must have changed the type of records. Can any learned member who is in bank or who does bank audit help?
11 November 2008
In the manual system of accounting, the ledgers are updated and then primary books are updated after the business hours. The following books are maintained by the banks:
1. Individual Ledgers. such as Savings, Current A/c, CC, Term Loan, Overdraft, ATL, ACC, RD, FD, SFD,PPF
2.General Ledger
3.Long Books
4.Day Book
5. Progressive
6.Balance books
7. Charges Register
8. Weekly
9.Dead Stock Ledger(Fixed asset Register)
10. Stationery Ledger
11. Security Stationery Register
12. Cheque Book Issue Register
13. Draft Issue Register
14. Inward Biils Register
15. Outward Bill Register
16. Safe Custody Register
17. Title Deed register
18. Inspection Book
19. Legal cases Files
20. Individual Files of borrowers
21. AOF
22. Record Register
23. Salary Sheets
24. Discretionery powers
25. Control Returns
and many other subsidiary records
In the computerised systems all above records are maintained in the electronic form except the hard copies of documents executed and applied by the parties.
1. Individual Ledgers. such as Savings, Current A/c, CC, Term Loan, Overdraft, ATL, ACC, RD, FD, SFD,PPF
2.General Ledger
3.Long Books
4.Day Book
5. Progressive
6.Balance books
7. Charges Register
8. Weekly
9.Dead Stock Ledger(Fixed asset Register)
10. Stationery Ledger
11. Security Stationery Register
12. Cheque Book Issue Register
13. Draft Issue Register
14. Inward Biils Register
15. Outward Bill Register
16. Safe Custody Register
17. Title Deed register
18. Inspection Book
19. Legal cases Files
20. Individual Files of borrowers
21. AOF
22. Record Register
23. Salary Sheets
24. Discretionery powers
25. Control Returns
and many other subsidiary records
In the computerised systems all above records are maintained in the electronic form except the hard copies of documents executed and applied by the parties.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Should I report my US salary for January, February, March in Schedule FA?
- GST ON EXPORT COMMISSION
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
