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In 1969, when the GPO ceased to be a department of government, the bank was transferred from the Post Office to the Treasury. Its name was changed to National Savings Bank, and it gained an independent legal identity under the National Savings Bank Act 1971 (c. 29). [9] Post Office branches continued to act as agents for the National Savings Bank.
The National Savings and Trust Company is a historic bank building located at the corner of New York Avenue and 15th Street, NW in Downtown Washington, D.C. [1] It has also been known as the National Safe Deposit Company and the National Safe Deposit Savings and Trust Company. [1]
The Southern Railway changed its name to the Norfolk Southern Railway on December 31, 1990. The Norfolk and Western Railway was leased by the Southern Railway on December 31, 1990, and merged into the Southern in 1997. The New York, Chicago and St. Louis Railroad (Nickel Plate Road) merged into the Norfolk and Western Railway on October 16, 1964.
Example of a checking account statement for a fictional bank. A bank statement is an official summary of financial transactions occurring within a given period for each bank account held by a person or business with a financial institution. Such statements are prepared by the financial institution, are numbered and indicate the period covered ...
The payer fills in his account details and hands the form to a clerk at, or mails it to, his bank, which will then transfer the money. The employee who opens the incoming mail should initially compare the amount of cash received with the amount shown on the remittance advice.
A comfort letter is a document prepared by an accounting firm assuring the financial soundness or backing of a company. [1] The comfort letter can be issued by a Certified Public Accountant declaring no indication of false or misleading information in the financial statements and that the company's prospectus follows the prevailing accounting standards.
Emera head office. Emera was created out of the privatization of the provincial Crown corporation Nova Scotia Power Incorporated (NSPI). On December 2, 1998, NSPI shareholders voted to restructure the company to create a holding company which would be shareholder-owned, with the regulated utility being a wholly owned subsidiary of the holding company.
For example, assume a company has an investment in Company A bonds with a carrying amount of $37,500. If their market value falls to $33,000, an impairment loss of $4,500 is indicated and the impairment cost calculated as follows: $ $ = $ This is recorded as a loss of $4,500 in the income statement.