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1.credit transfer in the bank statemnt : what is the meaning of this statement ?
2.if bank receives cash they debit it or credit it ?
3.an error by the bank in crediting to another customers account a lodgement made by the company : what is the meaning of this statment ?
sir, maybe you will find this as a stupid question but for me its very important sir … plss reply .
Thank youThey are not stupid questions, but you would not need to ask them if you watched the free lecture on bank reconciliations!
I will answer your questions, but I cannot type out the entire lecture.1. It is a direct payment into the bank.
2. If the bank received cash they credit your account
3. It means you have paid money into the bank, but the bank has made a mistake and put it in someone else’s account instead of yours.
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