THERE ARE FOUR TYPES OF INTREST.THEY ARE
-CURRENT ACCOUNT.RUN MOSTLY BY BUSSINESSMEN.THEY HAVE LOW
RATE O INTRESTS.
-SAVING BANK ACCOUNT.RUN MOSTLY BY ALL PEOPLE.THEY HAVE
MEDIUM RATE OF INTRESTS.
-FIXED DEPOIST ACCOUNT.RUN BY COMMON PEOPLE.HAVE HIGH RATE
-RECCURING DEPOSIT ACCOUNT.RUN BY COMMON PEOPLE.HAVE HIGH
RATE OF INTREST.
• Savings account
• Transactional account
• Joint account
• Low-cost account
• Time deposit / certificate of deposit
• Numbered bank account
• Negotiable Order of Withdrawal account
• Automatic transfer service account
• Money market deposit account
• Individual Savings Account
• Tax-Exempt Special Savings Account
• Transaction deposit
• Nostro and vostro accounts
• personal account
• Overdraft Free Account
These are all kinds of accounts found. But all are not
popular. For more information refer to wikipedia.org. You
will find all the answers.
Tell me if the company wants to enhance thier business and
incured the cost on other building (like Buliding Material,
Iron and Others) so we will put it in to the expenses or i
have to put it into the Fixed asset land and buildin by
passing this entry
Land and Building (Dr)