Draughon's Progressive Bookkeeping and Business Manual Volume 1
Draughon's Progressive Bookkeeping and Business Manual Volume 1
Draughon's Progressive Bookkeeping and Business Manual Volume 1 by John Franklin Draughon
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Author: John Franklin Draughon
Number of Pages: 220 pages
Published Date: 01 Mar 2012
Publisher: Rarebooksclub.com
Publication Country: Miami Fl, United States
Language: English
ISBN: 9781130402865
File size: 33 Mb
File Name: Draughon's.Progressive.Bookkeeping.and.Business.Manual.Volume.1.pdf
Download Link: Draughon's Progressive Bookkeeping and Business Manual Volume 1
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1919 Excerpt: ...in making loans, discounting, etc., yet it also has the right to, and actually does, use in this way money deposited with it. It is to the bank's interest, therefore, to secure as many depositors and as great an aggregate of deposits as possible. The amount which a national bank may lend to any one person is limited by the national banking laws, these laws also making definite prescription as to its cash reserve, etc. Such matters are also regulated by some State laws--that is, in so far as State banks are concerned, banks in States which have such laws. Sources Of Income. Commercial paper--promissory notes, county warrants, and the like--purchased at a discount by a bank and resold at a profit, and the interest which it receives on loans made by it, constitute its main source of income. The interest which it receives on bonds owned by it (most banks own bonds), dividends paid it on stock in other concerns (stock owned by it), and the premiums which it receives on exchange sold by it--these help to make it a profitable enterprise. Service To Depositors. A bank is an indispensable institution. It would be difficult to make an estimate as to the value of the service which a bank renders to its depositors. Here are some of the things that it does for them: It provides for them a safe and convenient place in which to keep their money; pays checks drawn by them; accepts from them, for deposit, checks and drafts drawn on other banks, and, for collection and credit, notes and drafts on others; discounts notes for them and makes loans to them; transmits money for them; etc. After paying checks and drafts drawn by its depositors, or customers, the bank returns to them these canceled checks and drafts. These are valuable to the depositors, or customers, serving as re...
Read online Draughon's Progressive Bookkeeping and Business Manual Volume 1 Buy Draughon's Progressive Bookkeeping and Business Manual Volume 1 Download and read Draughon's Progressive Bookkeeping and Business Manual Volume 1 for pc, mac, kindle, readers Download to iPad/iPhone/iOS, B&N nook Draughon's Progressive Bookkeeping and Business Manual Volume 1
Draughon's Progressive Bookkeeping and Business Manual Volume 1 by John Franklin Draughon
Author: John Franklin Draughon
Number of Pages: 220 pages
Published Date: 01 Mar 2012
Publisher: Rarebooksclub.com
Publication Country: Miami Fl, United States
Language: English
ISBN: 9781130402865
File size: 33 Mb
File Name: Draughon's.Progressive.Bookkeeping.and.Business.Manual.Volume.1.pdf
Download Link: Draughon's Progressive Bookkeeping and Business Manual Volume 1
---------------------------------------------------------------
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1919 Excerpt: ...in making loans, discounting, etc., yet it also has the right to, and actually does, use in this way money deposited with it. It is to the bank's interest, therefore, to secure as many depositors and as great an aggregate of deposits as possible. The amount which a national bank may lend to any one person is limited by the national banking laws, these laws also making definite prescription as to its cash reserve, etc. Such matters are also regulated by some State laws--that is, in so far as State banks are concerned, banks in States which have such laws. Sources Of Income. Commercial paper--promissory notes, county warrants, and the like--purchased at a discount by a bank and resold at a profit, and the interest which it receives on loans made by it, constitute its main source of income. The interest which it receives on bonds owned by it (most banks own bonds), dividends paid it on stock in other concerns (stock owned by it), and the premiums which it receives on exchange sold by it--these help to make it a profitable enterprise. Service To Depositors. A bank is an indispensable institution. It would be difficult to make an estimate as to the value of the service which a bank renders to its depositors. Here are some of the things that it does for them: It provides for them a safe and convenient place in which to keep their money; pays checks drawn by them; accepts from them, for deposit, checks and drafts drawn on other banks, and, for collection and credit, notes and drafts on others; discounts notes for them and makes loans to them; transmits money for them; etc. After paying checks and drafts drawn by its depositors, or customers, the bank returns to them these canceled checks and drafts. These are valuable to the depositors, or customers, serving as re...
Read online Draughon's Progressive Bookkeeping and Business Manual Volume 1 Buy Draughon's Progressive Bookkeeping and Business Manual Volume 1 Download and read Draughon's Progressive Bookkeeping and Business Manual Volume 1 for pc, mac, kindle, readers Download to iPad/iPhone/iOS, B&N nook Draughon's Progressive Bookkeeping and Business Manual Volume 1