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tell about bank entry
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Answer / kumar
Bank entry is a entry which is concerned to bank &
organisations. i.e, Cash to Bank
Cash withdrawn from Bank, Chq Given to suppliers, or self
chq,
any payment made by Chq, Collection received by chq
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the bank entry just similer as double entry system but the
most of the accunt in banking companies are prepaid in
memorandum in nature........i.e.not basis on double
accounting system...ex.memorandum of bills collections....
or any establishment side it is simply followed by double
accounting system......
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