Concept of banking transaction

Normally every business likes to do its business activity
through the bank.They do not prefer to hold cash balance in the
safe of the company.Rather it is quite risker to keep the cash in the
business.They also need a proper control over the receipts and payement
of cash. Therefore all the cash receipts are immediately deposited
or directly deposited in the bank and all the cash payement are
done through the bank by issuing cheques.
Types of bank account:
~ Current or demand deposit account.
~ Saving deposit account.
~ Fixed deposit account.