Difference between revisions of "Bank"
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[[Bank]] is the secure financial institution where businesses deposit their [[earnings]] and from which they pays their bills. ''Banks'' may provide business advice. A part of banks' business is loans to [[organization]]s. | [[Bank]] is the secure financial institution where businesses deposit their [[earnings]] and from which they pays their bills. ''Banks'' may provide business advice. A part of banks' business is loans to [[organization]]s. | ||
| − | + | ==Definitions== | |
| + | According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | ||
| + | :[[Bank]]. The secure financial institution where businesses deposit their [[earnings]] and from which they pays their bills. Banks provide business advice and can advances loans to businesses for growth. | ||
==Related concepts== | ==Related concepts== | ||
Revision as of 14:05, 12 July 2020
Bank is the secure financial institution where businesses deposit their earnings and from which they pays their bills. Banks may provide business advice. A part of banks' business is loans to organizations.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Bank. The secure financial institution where businesses deposit their earnings and from which they pays their bills. Banks provide business advice and can advances loans to businesses for growth.
Related concepts
- Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.
