What is Transaction/Transcations?

Any Exchange of value is called "Transaction" such as
a: Purchase of Merchandise,land,building furniture on cash.
b: Purchase of Merchandise,plant,furniture etc on credit.
c: Sold merchandise,old furniture,Building,Equipment On Cash.
d: Sold Merchandise,Old Equipment,land etc..on credit.
e: Rendered services on cash.
f: Rendered services on Credit.
g: Received Cash/Cheque/Note/bill
h: Paid Cash/cheque/Note bill.
All the above Exchange involved the values.These transactions are sub-divided into:
1: Cash Transactions:
Th transaction which involved the immediate exchange of cash(Receipt or payment)
as a,c,e,g,h of the above transactions.
2: Credit Transactions:The Transactions in which the exchange of value is involved but the immediate exchange
 of cash is not made.The receipts and payment are to be made later on as b,d,f of the above transactions.

Preliminary Expenses

Preliminary expenses:
Preliminary expenses  are the initial expenses which incurred in connection with the formation of a public limited company
company corporation and for obtaining share capital,i-e legal fees,cost of preparation of various documents,cost of
printing,remuneration of promotes,cost of publications and other legal formalities.it is also known as"Organization cost" initially it is recorded as asset but amortized i several years.

Public and Private Banks in Pakistan.

This is a current Complete list  of  more than 50 Public and Private Banks working in Pakistan and the  establishment year of Bank  is also mentioned.

            BankName  &  Establishment Year 
                               PUBLIC SECTOR BANKS     

1 FIRST WOMEN BANK LIMITED 1989
2 THE BANK OF KHYBER 2003
3 NATIONAL BANK OF PAKISTAN 1949
4 THE BANK OF PUNJAB 1989
5 SINDH BANK LIMITED  2010

                                 ISLAMIC BANKS
1 BANKISLAMI PAKISTAN LIMITED    2006
2 ALBARAKA BANK (PAKISTAN) LIMITED    1991
3 BURJ BANK LIMITED   2006
4 MEEZAN BANK LIMITED     1997
5 DUBAI ISLAMIC BANK 1975

                                      PRIVATE BANKS
1 SAMBA BANK LIMITED   2006
2 JS BANK LIMITED 2006 
3 ALLIED BANK LIMITED 1942
4 KASB BANK LIMITED 2009 
5 SUMMIT BANK LIMITED 2009
6 MCB BANK LIMITED 1947
7 ASKARI BANK LIMITED 1991
8 NIB BANK LIMITED   2003
9 BANK ALFALAH LIMITED 1997
10 SILK BANK LIMITED  2001
11 BANK AL HABIB LIMITED  1991
12 SONERI BANK LIMITED 1991 
13 STANDARD CHARTERED BANK (PAKISTAN)    2006                                                                               14 FAYSAL BANK LIMITED  1994
15 UNITED BANK LIMITED 1959
16 HABIB BANK LIMITED 1941
17 HABIB METROPOLITAN BANK LIMITED    1992                                                                                                 
                                      FOREIGN BANKS
1 THE BANK OF TOKYO-MITSUBISHI UFJ LIMITED - PAKISTAN OPERATIONS   2006
2 CITIBANK N.A. - PAKISTAN OPERATIONS   2007                                                                                                                 3 HSBC BANK MIDDLE EAST LIMITED  PAKISTAN  1949
4 DEUTSCHE BANK AG - PAKISTAN OPERATIONS 1961                                                                   5 BARCLAYS BANK PLC 2008                                                                                                                    6 INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED   PAKISTAN BRANCHES  2011

                               SPECIALIZED BANKS

1 INDUSTRIAL DEVELOPMENT BANK PAKISTAN  1961                                                                                                                                                       2 SME BANK LIMITED   2002
3 THE PUNJAB PROVINCIAL COOPERATIVE BANK LTD  1924   
4 ZARAI TARAQIATI BANK LIMITED 1961
             MICRO FINANCE BANKS / INSTITUTIONS.
1 KHUSHHALI BANK LIMITED 2000
2 U MICROFINANCE BANK LIMITED  2003 
3 NRSP MICROFINANCE BANK LIMITED  2008
4 TAMEER MICRO FINANCE BANK LIMITED 2005                                                                                      5 PAK OMAN MICROFINANCE BANK LIMITED 2006                                                                                                       6 THE FIRST MICRO FINANCE BANK LIMITED 2002
7 FINCA MICROFINANCE BANK LIMITED  1985
8 APNA MICROFINANCE BANK LIMITED 2003
9 WASEELA MICROFINANCE BANK LIMITED 2012 
10 ADVANS PAKISTAN MICROFINANCE BANK LIMITED 2012                                                                                                    DEVELOPMENT FINANCIAL INSTITUTIONS.
 1 HOUSE BUILDING FINANCE CORPORATION 2007                                          
 2 PAKISTAN KUWAIT INVESTMENT COMPANY LIMITED 1979                                                                                         3 PAK BRUNEI INVESTMENT COMPANY LIMITED  2006
 4 PAK OMAN INVESTMENT COMPANY LIMITED  2006                                                                                                       5 PAK IRAN JOINT INVESTMENT COMPANY 2007 
 6 SAUDI PAK INDUSTRIAL &; AGRICULTURAL INVESTMENT COMPANY LIMITED  1981 
 7 PAK LIBYA HOLDING COMPANY LIMITED  1978                                                                                                                 8 PAK-CHINA INVESTMENT COMPANY LIMITED 2007             

what is Bank? Bank Defination and Meaning.

Bank, definition and Meaning:
Finance acts in a business like life blood,and the Banking Sector plays the role of backbone of modern business,and the development of any country depends upon the proper utilization and maintenance of finance,so for that Banking system plays an important role.
The term "BANK" is derived  form a  French word Banque or from Italian word Banca , these both words have same meaning a Bench or money exchange Table.
                                                    "A Bank is a financial institution or organization where people and business man can deposit/invest or  borrow,change it to foreign money or building  where these services are offered.