A G Office

In most legal systems, a deposit of funds in a bank is not a bailment - that is, the actual funds deposited by a person in a bank cease to be the property of the depositor and become the property of the bank. The depositor acquires a claim against the bank for the sum deposited but not to the actual cash handed over to the bank. In accounting terms, the bank creates (“opens”) an account in the name of the depositor or a name directed by the depositor in which the amount received by it is recorded as a transaction. The deposit account is a liability of the bank and an asset of the depositor (the account holder). On the other hand, a bank can lend some or all of the money it has on deposit to a third party/s. Such accounts, generally called loan or credit accounts, are subject to similar but reverse principles of a deposit account. In accounting terms, a loan account is an asset of the bank and a liability of the borrower. Loan accounts may be unsecured or secured by the borrower, and they may be guaranteed by a third person, with or without security. A bank account is a financial account maintained by a bank or other financial institution in which the financial transactions between the bank and a customer are recorded. Each financial institution sets the terms and conditions for each type of account it offers, which are classified in commonly understood types, such as deposit accounts, credit card accounts, current accounts, loan accounts or many other types of account. A customer may have more than one account. Once an account is opened, funds entrusted by the customer to the financial institution on deposit are recorded in the account designated by the customer. Funds can be withdrawal from loan accounts. The financial transactions which have occurred on a bank account within a given period of time are reported to the customer on a bank statement, and the balance of the accounts of a customer at any point in time is their financial position with the institution.

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CAG branch office in Bihar.........Known as Principal Accountant General , Bihar , Patna. This is divided into two groups Audit and Account. Floor 1,4 and 5 for Audit and rest for Accounts.

Total account work of bihar government do here.

This is the state headquarter for the Comptroller and Auditor General of India. It is a large office and has a large space for parking. There is a branch of UCO bank as well as Indian Post Office besides the office. Any kind of public sector undertakings and government departments accounts and auditing works are done here. You will get prompt response for your problems regarding payments and other financial works. There is an office canteen that provides good food options and reasonable prices.