Tag: Bank lodgement not yet credited

O Level Notes : Accounts - Bank reconciliation statement

zimsake Aug 29, 2021 0 897

Bank reconciliation statement is a method of clearing out ambiguities. Keep in mind that the cash we give to a bank is a liability for the bank. So when the liability increases, the bank account is credited.

Tag: Bank lodgement not yet credited

O Level Notes : Accounts - Bank reconciliation statement

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