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Tax - ETB > Bank reconciliation > Flashcards

Bank reconciliation Flashcards

1
Q

What bank entries will not appear in bis records?

A

Charges & int, bounced cheques & DD/STO

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2
Q

If trader receives bounced cheque what are entries?

A

Dr trade debtors Cr bank or Dr bad debts Cr bank

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3
Q

If trader cheque to supplier bounces what is entry?

A

Dr bank Cr trade creditors

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Tax - ETB (13 decks)

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