Representative office of any bank
Explain what is meant by the Representative office of any bank.
Expert
Representative office is small service facility organized by the parent bank personnel which is developed in order to assist the MNC clients of parent bank in its dealings with correspondents of the bank. It is a mode for parent bank for providing its MNC clients with the level of service larger than that provided simply through a correspondent relationship.
Project Accounting: It is sometimes termed to as job cost accounting and is the practice of making financial reports particularly designed to track financial growth of projects, which can then be utilized by managers to support project management.
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