Que:5 Answer in one word :-
1. Who prepared bank reconciliation statement ?
2. Who sent the bank statement ?
3. When a cheque issued which account is credited ?
4. Bank overdraft which balance showed of cash book ?
5. When dividend collected by bank which account is credited ?
Answers
Answer:
here is your answer hope it helps ☺️
Explanation:
1= The accountant typically prepares the bank reconciliation statement using all transactions through the previous day, as transactions may still be occurring on the actual statement date. All deposits and withdrawals posted to an account must be used to prepare a reconciliation statement.
2 = A bank statement is a document (also known as an account statement) that is typically sent by the bank to the account holder every month, summarizing all the transactions of an account during the month.
3= Personal finance is such a vast & complex category that very few attempts have been made to encompass the complete personal finan
Cheques issued A/c Dr.
To Suspense A/c.
On the Cheque date reverse the above entry and pass the following entry:
Creditors A/c Dr.
To Bank A/c.
Alternatively, you can also pass below entries:
1. When Check is issued.
Creditors A/c. Dr.
To BankClearing A/c
2. When check is cleared in bank.
Bank Clearing A/c. Dr.
To Bank A/c
4 = Overdraft means we have taken a loan from the bank. It is indicated by negative or credit balance in the bank column of the cash book.
5 = Hence cash account is debited and its against dividend accounts is credited to business.. Cash a/c
Answer:
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