A form that explains any deduction, other than a check , from a checking account is called:________

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02-08-2022
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A form that explains any deduction, other than a check , from a checking account is called:________

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ahmadfardeen571 ahmadfardeen571 · Answer 1 · 2022-08-09T22:48:03+02:00

A form that explains any deduction, other than a check, from a checking account, is called a bank reconciliation statement.

A bank reconciliation statement is a summary of banking and commercial enterprise pastime that reconciles an entity's financial institution account with its economic records. The announcement outlines the deposits, withdrawals, and different sports affecting a bank account for a selected length.

Bank Reconciliation assertion is a statement which records variations between the financial institution declaration and general ledger. the quantity special within the bank assertion issued via the bank and the amount recorded in the corporation's accounting ebook maintained by using Chartered Accountant may range.

Bank reconciliation announcement (BRS) includes the process of figuring out the transactions personally and healthy it with the financial institution declaration such that the last stability of bank in books matches with the financial institution announcement.

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