Bank Overdraft is a facility provided by bank to its clients such as corporations and companies to withdraw funds from the business accounts in excess of the balance available in the account. There is always a fee associated with bank overdraft and interest is
Bank Reconciliation Statement
Bank Reconciliation Statement is a form that permits persons to match up to their individual bank account records to the bank’s records of the persons account balance in order to expose any possible discrepancies.
Subdivision of Journal: Learning Objectives: What is subdivision of journal? Define and explain cash book and bank reconciliation statement What are the different types of cash book? Write single, double, and three column cash book. Prepare a bank reconciliation statement. Though the principle of