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    Shahid Karim
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    This document provides an overview of different types of accounting. It discusses financial accounting, cost accounting, management accounting, tax accounting, and social accounting. It then describes various types of bank accounts including basic banking accounts, current accounts, savings accounts, term deposit accounts, and foreign currency accounts. The key details provided include the purpose and features of each type of accounting and bank account.

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    This document provides an overview of different types of accounting. It discusses financial accounting, cost accounting, management accounting, tax accounting, and social accounting. It then describes various types of bank accounts including basic banking accounts, current accounts, savings accounts, term deposit accounts, and foreign currency accounts. The key details provided include the purpose and features of each type of accounting and bank account.

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    6 views18 pages

    232

    Uploaded by

    Shahid Karim
    This document provides an overview of different types of accounting. It discusses financial accounting, cost accounting, management accounting, tax accounting, and social accounting. It then describes various types of bank accounts including basic banking accounts, current accounts, savings accounts, term deposit accounts, and foreign currency accounts. The key details provided include the purpose and features of each type of accounting and bank account.

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    of 18

    HAILEY COLLEGE OF COMMERCE

    Shahid Kareem
    BC19#232
    Banking laws & Practice

    Prof. Ashfaq Ahmed Bhatti


    ACCOUNTING
    RECORDING FINANCIAL TRANSACTIONS

    SUMMARIZING

    ANALYZING

    REPORTING

    TAX COLLECTION ENTITIES


    TYPES OF ACCOUNTING
    FINANCIAL ACCOUNTING

    COST ACCOUNTING

    MANAGEMENT ACCOUNTING

    TAX ACCOUNTING

    SOCIAL ACCOUNTING
    FINANCIAL ACCOUNTING
    RECORD BUSINESS TRANSACTION

    PREPARING PROFIT AND LOSS

    PRESENT THE FINANCIAL POSITION

    PREPARING BALANCE SHEET


    COST ACCOUNTING

    USED IN MANUFACTURING INDUSTRY

    COST TO MANAGE

    USED TO INTERNALLY TO ACCESS A COMPANY OPERATION’S


    MANAGEMENT ACCOUNTING
    PRESENT ACCOUNTING INFORMATION

    PLANNING AND CONTROLLING OPERATIONS

    RATIO ANALYSIS

    BUDGETARY CONTROL

    FUND FLOW STATEMENT

    CASH FLOW STATEMENT


    TAX ACCOUNTING
    TAX PURPOSE

    COMPUTED INCOME TAX AND GST

    ANYOTHER ISSUES RELATED TO TAX


    SOCIAL ACCOUNTING
    SOCIAL RESPONSIBILITY ACCOUNTING

    INDENTIFYING

    MEASURING

    COMMUNICATING THE CONTRIBUTION


    ACCOUNT

    • TO KEEP MONEY SAFE

    • TO EARN INTEREST

    • TO PAY ALL BUSINESS EXPENSES

    • TO SUIT THEIR PURPOSE AND CONVENIENCE


    1.

    BANK ACCOUNT AND ITS TYPES


    BASIC BANKING ACCOUNT (BBA)
    CURRENT ACCOUNT

    SAVING ACCOUNT

    TERM/FIXED DEPOSIT ACCOUNT

    FOREIGN CURRENCY ACCOUNTS


    BASIC BANKING ACCOUNT
    ALL BANKS OFFER THIS ACCOUNT

    THIS ACCOUNT IS CALLED SALARIED ACCOUNT

    FEATURES OF BBA
    OPEN AN ACCOUNT WITH JUST PKR. 1000

    NO MINIMUM BALANCE REQUIRED

    TWO CHEQUES WITHDRAWAL SO CHARGES MAY APPLY


    CURRENT ACCOUNT
    FOR BUSINESS CUSTOMER

    NO INTEREST

    WITHDRAWAL ANYTIME WITH ATM AND CHEQUE BOOK

    NO PROFIT
    SAVING ACCOUNT
    INTEREST 4% TO 6% ANNUAL

    DAILY PROFIT OR MONTHLY PROFIT

    WITHDRAWAL ANYTIME

    SALARIED PERSON OPENED THIS ACCOUNT

    PAYING INTEREST
    TERM/FIXED DEPOSIT ACCOUNT
    DEPOSIT BIG AMOUNT

    CERTAIN TIME PERIOD

    PROFIT MONTHLY AND ANNUALLY

    NO ATM AND CHEQUE BOOK


    FOREIGN CURRENCY
    ACCOUNTS
    ALL FOREIGNER AND RESIDENT CAN OPEN THIS
    ACCOUNT

    STUDENT, TOURISTS AND FOREIGNER WHO LIVE OTHER


    COUNTRY THEY CAN OPEN THIS ACCOUNT

    NO ATM ALLOWED IN THIS ACCOUNT

    YOU CAN USE CHEQUE BOOK AND INTERNET BANKING


    THANK YOU

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