what is Importance of bank reconciliation statement for education industry.

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A: Introduction: Central banks are banks with authority to take care of the monetary or currency policy…

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A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

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A: Introduction: Payor bank can be defined as a bank which is the drawee of a draft.

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Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.