The main analytical register bank has personal account

It deals with the parameters established by evidence of business transactions carried out by the bank, allowing to establish with the utmost precision from whom or to whom, where or where are the funds and for what. The main synthetic registers include: accounting journal, which records all held by the bank for day business operations, turnover balance sheet, verification sheet. Record registers are the basis for drawing up financial statements, the most important component of financial statements is a common financial reporting. Financial reporting - it accounts containing information on the financial condition and results of operations of the bank for the reporting reference period. Allocation of accounts depends on the type of asset, liabilities and shareholders' equity by contractors. Personal accounts are subject to registration in a special book, where each balance sheet account the order of IV are assigned separate sheets. It records all personal accounts of customers and accounts opened by intra-operations (accounting assets, equity, revenues, expenses, results of operations, calculations). In the case of closing the account in the book bear a date, and indicates the reason for closure. The book kept by the chief accountant, and changes in registration records can be made only with his permission. According to certain balance sheet accounts analytical records are maintained on personal accounts or consolidated operating journals, books, cards in the form of a chronological record of operations to control the use of funds for their intended purpose. For example, to account for cash transactions applies to "Ledger cash operating cash and other valuables of the bank", to account for fixed assets - "Journal of fixed assets", in the event of settlement payment by check can be used combined personal account on the analytical accounts' Calculations checks ", the issue of settlement checkbooks can be accounted for by a special card account, etc. Topic: The role of accounting in the management of the bank, its types and purpose | Tags: personal accounts, Chart of Accounts