I have been working for long time in different companies and having exposure as contractor to many scenarios and situations, this is just an extract of the scent of information. Thank you for the suggestions and posts.

Archive April 14, 2019

Regulation E: Electronic Fund Transfers 12 CFR 205

The full regulation is available on the Government Printing Office web site. Regulation E provides a basic framework that establishes the rights, liabilities, and responsibilities of participants in electronic fund transfer systems such as automated teller machine transfers, telephone bill-payment services, point-of-sale (POS) terminal transfers in stores, and preauthorized transfers from or to a consumer’s

Read More

USA Chart of Account

SAMPLE CHART OF ACCOUNTS1000 ASSETS1010 CASH Operating Account1020 CASH Debtors1030 CASH Petty Cash1200 RECEIVABLES1210 A/REC Trade1220 A/REC Trade Notes Receivable1230 A/REC Installment Receivables1240 A/REC Retain age Withheld1290 A/REC Allowance for Uncollectible Accounts1300 INVENTORIES1310 INV – Reserved1320 INV – Work-in-Progress1330 INV – Finished Goods1340 INV – Reserves1350 INV – Unbilled Cost & Fees1390 INV – Reserve

Read More