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  What is joint account? Joint account is a bank account share between two or more individuals. Joint account are most likely to be used by relatives, couples or business partner who have a level of trust with each others Either or survivor Jointly Jointly or survivor Former or survivor Latter or survivor Anyone or survivor 1. Either or Survivor The majority of joint accounts are “Either or Survivor” nature. This is because these can be accessed and managed by either of the account holders, i.e. the primary account holder as well as the secondary account holder. If one of the account holders passes away, then the account balance can be paid to the “survivor” account holder. 2.Jointly In this, all the transactions need to be signed and mandated by all the account holders. If any of the account holders dies then the account can not be further operated. The balance proceeds shall be payable to the survivor 3.Jointly Or Survivor This type of account is sim...

  What is bank Bank is a financial institute. Their primary objective is making profit.They collect deposit from the public and lend money to business firms, traders ,farmers and consumers. For the purpose of consumption and investment to make profit and they give other related services. Characteristic/ feature of the bank 👉Dealing in money 👉Accepting of deposit 👉Giving advance 👉Payment and withdrawal 👉Agency and utility services 👉Profit and service orientation Relation between banker and customer Relationship as debtor and creditor : -   on the opening of an account, the banker assume the position of debtor. A depositor remain a creditor of his banker so long as his account carries credit balance. Relationship between the banker and customer is reversed as soon as the customer account is overdrawn. Banker become a creditor of the customer who has taken a loan from the banker and continue in the capacity fails the loan of re paid. Banker as a trustee:-  o...

  Explain the term endorsement . What are the essential features of Valid endorsement? पृष्ठांकन (endorsement) शब्द की व्याख्या कीजिए। वैध पृष्ठांकन ( endorsement) की आवश्यक विशेषताएं क्या हैं? Endorsement - An endorsement is the mode of negotiating a negotiable instrument. A negotiable instrument payable otherwise than to a bearer can be negotiated only by the endorsement and delivery. An endorsement, according to sec 15 of the Negotiable instrument Act is "when the maker or holder of a negotiable instrument signs the same, otherwise than as such marker. For the purpose of negotiation on the back or face there of or on a slip of paper annexed there to, he is said to endorse the same and is called the endorsee. the endorsement is on the back of the instrument through it may be even in the face of it. Where no space is left on the instrument, the endorsement, the endorsement may be made on a slip of paper attached to it. This attached slip of paper is called "Allonge...

Function of salesman Define salesman A man whose job involves selling or promoting commercial products, either in a shop or visiting locations to get orders. एक व्यक्ति जिसकी नौकरी में वाणिज्यिक उत्पादों को बेचना या बढ़ावा देना शामिल है, या तो किसी दुकान में या ऑर्डर लेने के लिए स्थानों पर जाकर।   1. Selling  (बेचना) The fundamental duty of a salesman is selling. This duty includes meeting the prospects, presenting and demonstrating the products, inducing the prospects to buy, taking orders and effecting sales. एक सेल्समैन का मौलिक कर्तव्य बिक्री करना है। इस कर्तव्य में संभावनाओं को पूरा करना, उत्पादों को प्रस्तुत करना और प्रदर्शित करना, संभावनाओं को खरीदने के लिए प्रेरित करना, ऑर्डर लेना और बिक्री को प्रभावित करना शामिल है।   2. Guiding the buyers (खरीदारों का मार्गदर्शन)  A salesman should guide the buyers in buying the goods they want. एक सेल्समैन को खरीदारों को उनके मनचाहे सामान खरीदने में मार्गदर्शन करना चाहिए।   3. Attending to complaints (शिकायतों में भाग...

  Types of crossing of cheque General crossing cheque Special crossing cheque साधारण रेखांकित चैक (General Crossed Cheque): Cheque is said to be crossed generally when it bears across its face any of the following 👉 Two transverse parallel lines 👉 Two transverse parallel line with the word "& company"or "& co". 👉 Two transverse of parallel lines with the abbreviation of the word "& company". 👉 Two transverse  parallel lines with the word "not negotiable" 👉 Two transverse parallel lines with the word "account payee only" The cheque crossed generally does not cease to be negotiated further. The collecting banker can collect the proceeds of cheque in the account of that person mentioned on the cheque. A crossed cheque can be made bearer cheque by cancelling the crossing and writing that the crossing is cancelled and affixing the full signature of drawer जिस चैक के बाई ओर के खेने पर केवल दो र...

  Define the term cheque?? चेक शब्द को परिभाषित करें?? Cheques is a negotiable instrument used to make payment in day to day business transaction minimise the risk and possibility of loss it is used by individual, businesses, corporate and other transact for making and receiving payment चेक एक परक्राम्य लिखत है जिसका उपयोग दिन-प्रतिदिन के व्यापार लेनदेन में भुगतान करने के लिए किया जाता है जिससे जोखिम और हानि की संभावना कम हो जाती है। इसका उपयोग भुगतान करने और प्राप्त करने के लिए व्यक्ति, व्यवसायों, कॉर्पोरेट और अन्य लेनदेन द्वारा किया जाता है। Different type of cheque Open cheque  (खुला चेक) bearer cheque  (बेयरर चेक) Order cheque  ( आदेश चेक) Crossed cheque  (क्रॉस्ड चेक) Anti date cheque (पीछे की तारीख वाला चेक) Post date cheque (आगे की तारीख वाला चेक) Stale cheque  (काल बाधित चेक) Multilated cheque Bearer cheque (बेयरर चेक) A bearer cheque is the type of cheque that allows the person bearing or carrying the cheque to the bank to receive the payment...