What is Bank Reconcilation Statement?
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Answer / sunilkumar thakur
B.R.s.is prepair to see the difference betweencash bk and
pass book.
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Answer / chitra
Bank Reconcilation Statement is a statement to reconcile
the bank balance as per cash book with bank balance as per
pass book
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Answer / christopher godwin
bank reconcilation statement can be define as a statement dat showz de difference between the bank book nd pass book.
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42. G.Simkins sends back stock to J.J. Fabrics (a supplier), having originally purchased it on Credit. J.J. fabrics issued a Credit note for the value of these goods. In simkinsā books, the double entry for this transaction should be. a) Debit : J.J. Fabrics; Credit purchases b) Debit : purchases; credit J.J. Fabrics c) Debit : J.J. Fabrics; credit purchase returns d) Debit: purchases returns; credit J.J Fabrics.
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WHICH IS MORE RISKY TO A BANKER, A CASH CREDIT OR A LETTER OF CREDIT