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Briefly explain the statement ‘wrongly debited by the bank’ with the help of an example - Accountancy

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Briefly explain the statement ‘wrongly debited by the bank’ with the help of an example

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उत्तर

The statement 'wrong debited by the bank' refers to the activity of bank debiting the amount of the transaction in the wrong manner.

The example of such a case is: A cheque of Rs. 10,000 deposited by the user to the bank is wrongly recorded as Rs. 1000 by the bank.

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Need for Reconciliation
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अध्याय 5: Bank Reconciliation Statement - Questions for practice [पृष्ठ १७४]

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एनसीईआरटी Accountancy - Financial Accounting 1 [English] Class 11
अध्याय 5 Bank Reconciliation Statement
Questions for practice | Q 3 | पृष्ठ १७४
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