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Bank Reconciliation Statements Lecture 22
This lecture after start we will covered these are:
Book prepared by customer in which he record all bank transactions
Bank statement prepared by bank/banker in which they record all transactions of customers.
Cheque issued to creditor but still not paid/Still not presented/still not cashed
Un creditor Cheque cr
Cheque received from debtor deposited into account but not credited/not cleared/
Customer’s journal bank’s journal
Bank account dr cash account dr
cash account customer a/c
At time, banks record transcations in our account without account our knowledge e.g.
There are four transaction bank charges, profit, tax, some time, someone deposits in our account money directly in our account that escapes recording in our books.
This difference the bankbook and bank statement Is called bank reconciliation.
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