Accountancy, asked by kerina, 6 months ago

What does ECS in accountancy mean? 11std std

Answers

Answered by Nehaa48

2

Explanation:

ECS is an electronic mode of funds transfer from one bank account to another. It can be used by institutions for making payments such as distribution of dividend interest, salary, pension, among others. You need to inform your bank and provide a mandate.

Answered by pritikahm

1

Answer:

Ecs is electronic clearing system but while writing the journal entry it is written as bank ac

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