Abstract
Every business needs to keep a Cash Book which will record all receipts and payments, whether they are in the form of a bank cheque or cash. This account in effect provides a record of the firm’s transactions with its bank. The bank will also keep records of the cheques and money the business pays into its account, together with receipts and payments from debtors and creditors who make use of banking payment facilities such as standing orders and direct debits.
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© 1993 Sally Messenger and Humphrey Shaw
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Messenger, S., Shaw, H. (1993). Preparing Bank Reconciliation Statements. In: Financial Management. Palgrave, London. https://doi.org/10.1007/978-1-349-13080-1_7
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DOI: https://doi.org/10.1007/978-1-349-13080-1_7
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-58528-3
Online ISBN: 978-1-349-13080-1
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)