1: What is major difference between Bank and Bank Account?
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Answer / sameer/mahender
Bank is a entity where bank accounts are related to the
bank for storing account holders data....there is
internal,customer and supplier bank..various types of bank
accounts are Savings,current and bank over draft...
| Is This Answer Correct ? | 9 Yes | 2 No |
Answer / avinash s m
Generally speaking Bank is a financial institution or
company which does banking transactions.
Bank Account is an account which is having by its Customer
in its Bank.
In ERP Application.
Bank: With whom the Business Enterprise is owning a bank
account. Generally we'll maintain Bank details into Bank Master.
Bank Account: It is a natural account/real account, defined
in the Chart of Accounts and will be referred when ever the
Banking/Financial Transaction is carried in the business
i.e. payments and receipts.
| Is This Answer Correct ? | 2 Yes | 2 No |
Answer / ajoy kumar rai
BANK IS A ASSET. SO, IT IS REAL ACCOUNT.
WHILE BANK A/C IS RELATED WITH PERSON. SO, IT IS PERSONAL
ACCOUNT.
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / learner
do remember that, irrespective of which ERP we are working on or working for, where ever we refer bank account it should be represented by respective bank. here what iam trying to emphasize is that, creating and updating bank is first and it is followed by transactions
| Is This Answer Correct ? | 0 Yes | 0 No |
Here in Oracle When you are creating Bank no need to specify the owner, When it come's to Bank Accounts You have to Specify the Owner as Bank account. At Bank level we can't set any permissions. But when it comes to Bank account We can specify the Usage of That account like Use, Maintain Grants, Transfers.
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Answer / swapnil
Bank And Bank Branch in R12 are created as parties under the TCA. HZ_Parties
Whereas the bank account are controlled by Cash management.
CE_BANK_ACCOUNTS.
The Bank account is owned by an legal entity (Owner) and within the legal entity we can give access to various operating units.
| Is This Answer Correct ? | 0 Yes | 0 No |
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