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Bank reconciliation statement class 11 explanation

bank reconciliation statement class 11 explanation

Learn the concepts of Class 11 Accountancy Bank Reconciliation Statement with Videos and Stories. Discuss the meaning and need for reconciliation; discuss. Explanation: A Bank Reconciliation Statement is a statement that shows the causes of disagreement between the balances of both the books. It is a statement that. A schedule showing the items of difference between the.

: Bank reconciliation statement class 11 explanation

Ms word invoice template 2010 Introduction: So far we have studied the preparation of Bank Reconciliation Statement simply by reconciling the causes of differences between the Cash Book and Pass Book. Cheque issued against purchase, bank reconciliation statement class 11 explanation not presented for payment. Cheque issued but not debited by the bank. Answer: Bank Reconciliation Statement. When cheque is deposited into Bank, cash Book is debited. Thus, a Bank Reconciliation Statement is prepared by the trader to reconcile the balances of both the books.
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Axis bank credit card chennai office Answer: A Bank Reconciliation Statement is prepared to reconcile the difference between the bank balance as per the Cash Book and as per the Pass Book. Thus, debit balance as per pass book indicates the amount that has been withdrawn in excess bank reconciliation statement class 11 explanation deposits and is termed as overdraft. Such items are. Cheques received, interest given or allowed, dividend received will be recorded on the credit side of the Pass Book. Explanation: A Bank Reconciliation Statement is bank reconciliation statement class 11 explanation at the end of a stipulated time period and not at the end of a particular accounting period. Thus, the debit balance of Pass Book represents the overdraft balance, as the debit side exceeds the credit side. Bank Reconciliation Statement.
bank reconciliation statement class 11 explanation

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