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INDEX
CERTIFICATE
ACKNOWLEDGEMENT
INTRODUCTION
FORMULAE
TYPES OF BUDGET
PERSONAL BUDGET
GRAPHS
CONCLUSION
BIBLIOGRAPHY
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CERTIFICATE
This is to certify that Anshit Gupta of classX
–
A (Commerce) has successfullycompleted this computer project on thetopics mentioned prescribed
by MR.KULDEEP VERMA , during the academicsession 2018-2019 as per the guidelinesissued by
ICSE.
MR. KULDEEP EXTERNALVERMA
EXAMINER
ACKNOWLEDGEMENT
I would like to express my special thanks ofgratitude to my mathematics teacher MR.KULDEEP
VERMA who gave me the goldenopportunity to do this wonderful project,which also helped me in
doing a lot ofresearch and I came to know about so manynew things. I am really thankful to
him.Secondly I would also like to thank myparents and friends who helped me incompleting this
project.
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INTRODUCTION
A Bank may be defined as a company whichcollects money from the public in the formof deposits
and lends the same toborrowers. It is an institution that providesfacilities for safe keeping, lending
andtransfer of money.According to Crowther,
“The banker’s business is to take the debts
of other people to offer his own in exchangeand thereby create
money.”
TYPES OF BANKACCOUNTS
Bank accounts are classified into fourdifferent types. They are,1.
Saving Account2.
Current Account3.
Saving Account: - A savings account isan interest-bearing deposit accountheld at a bank or another
financialinstitution that provides amodest interest rate.2.
Current Account: - Current account isopened by businessmen who have ahigher number of
transactions with
the bank . It includes deposits,withdrawals and contra transactions.Current account can be opened
in co-operative bank and commercial bank.3.
Recurring Deposit Account: - Inrecurring deposit account, a certainfixed amount is accepted every
monthfor a specified period and the totalamount is repaid with interest at theend of the particular
fixed period.4.
Fixed Deposit Account: - The accountwhich is opened for a particular fixedperiod (time) by
depositing particularamount (money) is known as Fixed(term) Deposit Account. It means thatthe
deposit is fixed and is repayableonly after a specific period is over.HERE WE WILL DISSCUS
ONLY ABOUTRECURRING DEPOSIT ACCOUNT.
FORMULAE
The interest on the recurring depositaccount can be calculated by using
theformula:I = P*n(n+1)2*12 *r100 Where I is the (simple) interest, P is themoney deposited per
month, n is thenumber of months for which the money hasbeen deposited and r is the (simple)
interestrate percent per annum.The maturity value on a recurring depositaccount can be calculated
by using theformula:MV = P*N + I
RATES OF INTERESTOFFERED
PLANNING AHOME BUDGET
INTRODUCTION
A budget is an estimationof revenue and expenses over a specifiedfuture period of time; it is
compiled and re-evaluated on a periodic basis. Budgets canbe made for a person, a family, a group
ofpeople, a business, a government, acountry, a multinational organization or justabout anything else
that makes and spendsmoney. At companies and organizations, abudget is an internal tool used
bymanagement and is often not required forreporting by external parties.
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TYPES OF BUDGET
1.
Sales budget: A sales budget estimatesthe sales in units as well as the estimatedearnings from
these sales . Budgeting isimportant for any business. Without a
budget companies can’t track process or
improve performance.2.
Production budget: A production budgetis a financial plan that lists the number ofunits to be
manufactured during a period. In other words, this is a report thatestimates the number of units
that aplant will produce from period to period .3.
4.
Revenue budget: Revenue budgetconsists of revenue receipts ofgovernment and the expenditure
metfrom these revenues. Tax revenues aremade up of taxes and other duties thatthe government
levies.
PERSONAL BUDGET
A
personal budget or home budget
isafinance plan that allocates futurepersonalincome towardsexpenses,savings anddebt repayment.
Past spendingandpersonal debt are considered whencreating a personal budget. There areseveral
methods and tools available forcreating, using and adjusting a personalbudget. For example, jobs
are an incomesource, while bills and rent payments areexpenses.
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HOME BUDGET FORGUPTA FAMILY
Maid : 1 (part
–
time)
House owned