what is Subsidiary bank
State what is meant by Subsidiary bank.
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Subsidiary bank is locally incorporated bank which is either completely owned or owned in the major part by foreign subsidiary. An affiliate bank is one which is partly owned, however not controlled through its foreign parent. Both the affiliate and subsidiary banks operate under banking laws of country into which they are incorporated. U.S. parent banks find the subsidiary and affiliate banking structures desirable since they are permitted in order to engage within the security underwriting.
What is the difference between the equity theory and the social exchange theory ? Define both the theories in brief.
Average Profit Method: (Goodwill method): The profit earned by an organization throughout previous accounting periods on an average basis is termed as average profit. Goodwill is computed on the basis of average profit due to prospect expectations of
Which of the following adjustments is an example of an accrual adjustment? an asset/expense adjustment involving depreciation an asset/expense adjustment involving insurance a liability/expense adjustment involving utility expenses a liability/revenue adjustment involving unearned revenues
Discuss how foreign exchange transactions between the international banks are settled?
Accountancy is the process of communicating financial information about a business entity to users such as shareholder and manager. The communication is generally in the form of financial statements that show in money terms the economic resources under the control of management; the art lies in s
The uniform costing executed? It is beneficial for an organization?
Seattle is currently considering a 10-cent tax on espresso drinks to pay for pre-school and day-care programs. The legislation’s sponsor, Rep. Burbank, argues that people who spend $3-5 on exotic espresso based coffee drinks can afford – and will be &ldquo
What are the basic differences between Finance and Accounts?
Identify and briefly explain the patterns in terms of how relationships tend to come apart (not together) or deteriorate. Use a real or hypothetical illustration to describe each of such phases.
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