Generally speaking Bank is a financial institution or company which does b

1: What is major difference between Bank and Bank Account?

Question Posted / avinash s m

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Answer Posted / 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.

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