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bank statements
Junior cert business studies
Term | Definition |
---|---|
bank statement | Is a copy of the bank's record of of a customer's transactions with with the bank. |
Debit the receiver Credit the giver | Rule: of goods or money. of goods or money. |
Cash correction account | Is used to establish the true amount of money a person really has. |
Bank reconciliation statement | Is used to give a verifiable reason for the difference between the correct cash balance and the balance shown in the bank statement. |