Special accounts in banks

A special bank account - is a professional accounting term for the accumulation of information on movement of funds available for checkbooks, deposits and letters of credit. A characteristic feature of such accounts is the use of funds to a pre-identified needs. Transfer of funds is a debit account 55 and credit 51 (account), 52 (foreign currency account), 66 (payments on loans) and so on. Adopted by means of a special bank account debited after each use. Residues in letters of credit after the restoration of funds are credited to the account 55 to the correspondent account 51 (settlement account) or 52 (foreign currency account). Movement of funds in foreign currency is separate from the ruble-denominated transactions. The subaccount 55-2 reflects cash flows from operations associated with the bank book. On account of 55-3 indicates the amounts that are embedded in the company bank deposits. This account type is for each deposit separately.