Business College

explain how does a transformation process take place in a bank​

Answers

Answer 1

The transformation process in a bank involves converting inputs into outputs. The inputs could be customer deposits, loan applications, and requests for other banking services. The transformation process would then involve various activities such as processing transactions, analyzing loan applications, and generating reports for internal and external stakeholders.

Related Questions

Why is it important to balance a ledger account?

Answers

Answer:

balancing a ledger account is a crucial step in maintaining accurate financial records and ensuring that financial statements are reliable and trustworthy.

Explanation:

It serves as a check to ensure that for every transaction, a debit recorded in one ledger account has been matched with a credit in another. If the double entry has been carried out, the total of the debit balances should always equal the total of the credit balances.
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