Bank Reconciliation Statement

Bank Reconciliation Statement

Understanding the Bank Reconciliation Statement Bank reconciliation statements ensure payments have been processed and cash collections have been deposited into the bank. The reconciliation statement helps identify differences between the bank balance and book...
Cash Book

Cash Book

A cash book is a financial newspaper which includes all cash receipts and disbursements, including bank deposits and withdrawals. After that, entries in the cash book are added to the general ledger. Bank plays an important role in providing various services to...
Final Account Of Sole Proprietary Concern

Final Account Of Sole Proprietary Concern

Final accounts gives an idea about the profitability and financial position of a business to its management, owners, and other interested parties. All business transactions are first recorded in a journal. They are then transferred to a ledger and balanced. These...
Final Account Of Partnership Firm

Final Account Of Partnership Firm

Final accounts gives an idea about the profitability and financial position of a business to its management, owners, and other interested parties. All business transactions are first recorded in a journal. They are then transferred to a ledger and balanced. These...