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THE CENTRAL OFFICE

The central office is the ultimate authority, which control the entire function of the bank in the field through the custody of the provincial office up to branch level and at the central offices level through divisions and departments which controls different types of function.

There are as many as 20 divisions working at head offices in the Allied Bank the detail of which is given under:-

1. Field controlling and monitoring divisions

2. Adman & Human Resource Division

3. Computer and M.I.S. Division

4. Business Promotion Division

5. Agri. & Inspection Division

6. Audit & Inspection Division

7. Sports Division

8. Credit and Corporate Division

9. Customer Services Division

10. Finance Division

11. International Division

12. Islamic Banking Division

13. Investment & Funds Management Division

14. Legal Affairs Division

15. Maintenance Division

16. Merchant Banking Division

17. Recovery Division

18. Research and Development Division

19. Training Division

PROBLEM STATEMENT

Different Securities required for financing can minimize bad debts

LITERATURE REVIEW

INTRODUCTION

If someone owes your money and you are not able to collect that back from them, such amount of money is called as bad debts. Bad debts may be further divided into two categories; business & non business bad debts. Those debts that becomes bad during the normal course of business transactions, is called as business bad debts, here we are concerned only with the business bad debts. A deduction is allowed in the total taxable income of the business on account of the bad debts occurred during that tax year. Non business bad debts can not be claimed as deduction against the taxable income.

This point is to be remembered that only those debts are business debts whose supreme motive to incur is closely related to the business. And that was incurred to expand the business.

Credit Sales:

Sales made to the customers on credit basis is called as the credit sales, it is a major reason of the business debts. Often customers buy goods and services and promise to pay for them after a specific time, if the business is not able to collect full or a part of such amount receivable such part that had never been collected is recorded as the bad debts in the books of accounts. Bad debt is treated as an expense and it results decrease in the account receivables of the business. The amount of bad debts allowed as deduction against the taxable income are the lower of the actual amount of bad debts or the fair market value of the goods or services for which debts associated to which the debt became bad. At the time of the credit sales the accrued income is added in the sales of the year if 本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。