Cash operation and mobilization 1
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The document discusses various cash operations and internal controls at a bank, including accepting cash deposits, processing withdrawal and bill payment slips, loan terms and payments, check processing and acceptance timelines, foreign exchange, and remittance services. Key bank operations covered are depositing, withdrawing, paying bills, taking out and repaying loans, clearing checks, currency exchange, and sending money transfers. Internal controls are mentioned for tellers, marketing, accounting, and general services to oversee cash handling and transactions.
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Purchases (on account) 4,000,000
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Here are the calculations for the direct method cash flow statement items requested:
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Here are the calculations for the direct method cash flow statement items requested:
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Order to Cash Overview - Training
Order to Cash Overview slides can be used for high level training for O2C Or Accounts Receivable department in any organization. Anyone can use it as standard template and make necessary changes for their use. This is not just for providing designed slides, I've included desired sample data which ideally should be a part of O2C Function overview & training deck. I believe design is just to make it look nice, important aspect is which relevant information/data to be included based on the topic.
If you like it, I would be happy to help you in further topics as these are readily available with me. In case it seems interested to you, do not forget to Like It and comment with your suggestion for improvisation.
Thanks
Koushik Bagchi
ikoushik@gmail.com
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- 3. ACCEPTANCE OF CASH FOR DEPOSITDEPOSIT - A transaction involving a transfer of funds to another party for safekeeping. Advantages: Insertion Counterfeit No Value
- 4. Deposit Slip Account Name Account Number Reference Number Payor’s Number Denomination Pieces/Check No. Amount
- 5. Withdrawal- Removing funds from an account, plan, pension or trust. Withdrawal slip Account Name Account Number Amount in words Signatures of depositors
- 6. Bills Payment- A money transfer scheduled on a predetermined
- 7. WHEN THE MAIN VAULT EXCEED THEIR LIMIT, WHO WILL PICK
- 8. LOANS- The act of giving money, property or other material goods to an another party in exchange for future repayment of the principal amount along with interest or other
- 9. MODES OF PAYMENT OF LOANS MONTHLY QUARTERLY ANNUAL
- 10. Cheque/ Checks- A written, dated and signed instrument that contains an unconditional order from the drawer that directs a bank to pay a definite sum of
- 11. DIFFERENT ACCEPTANCE OF CHECKS: 1. OTHERS BANKS CHECKS TREATED AS 3 DAYS 2. BDO CHECKS – TREATED AS SAME DAY CLEARING. 3. ENCASHMENT
- 12. FOREIGN EXCHANGE The exchange of one currency for another, or the conversion of one currency into another currency. Foreign exchange also refers to the global market where currencies are traded virtually around-the-clock.
- 13. REMITTANCE- The process of sending money to remove an obligation.