Bank Accounting
Bank Overdraft is a facility provided by bank to its clients such as corporations and companies to withdraw funds from the business accounts in excess of the balance available in the account. There is always a fee associated with bank overdraft and interest is
Availability float is another banking terminology that can be useful for the accounting functions and accounting concepts. Availability float can be defined as the time period that exists between when the amount is deposited and when it is actually available in the account in
Adjustment credit can be categorized as a kind of small loan. This kind of loan is a short term loan that is declared from a Federal Reserve Bank to a small commercial bank. The major objective and the advantage of this type of loan
Average collected balance is a monetary term that is related to the bank accounting terms. The average collected balance can be defined as the balance of the uncollected funds that is accumulated in the account of an individual or an account of a business
Balance reporting is a process of reporting a customer that may be an individual or a business entity about their bank accounts. This reporting is done by the bank or the bank system. The balance reporting constitute on a report that contains the balance
The bank credit is a monetary term that can be defined as the amount of credit available to a third party, individual or business entity from a bank. This can be defined as the aggregate of funds that are available for the individuals or
An account is a basic entity in monetary management and it can be defined as an organization or an arrangement by a financial institution such as bank in which it accepts the monetary and other financial assets from the customer and holds them and
