Why is Bank Reconciliation Statement made
Why is Bank Reconciliation Statement made?
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This statement is made for a special reason and once in a month. It is made with a view to point out items that cause differentiation between the balances as per the bank columns of the cash book and the bank pass book at a specific date.
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he following information is taken from the financial statements of an entity: 20x4 20x3 Property, plant and equipment $4,600,000 $4,200,000 Accumulated depreciation (1,800,000) (1,350,000) Depreciation expense 560,000 Gain on disposal of PPE 65,000 The asset disposed of had a cost
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