Author name: Hisab Kitab

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Decoding Bank Reconciliation Statement

Bank reconciliation statements are an important financial tool used by businesses to confirm that their accounting records match to their bank statements. A bank reconciliation statement compares a company’s bank account balance to its own accounting records to find any inconsistencies and enable for corrections. This article will outline the significance of bank reconciliation statements, …

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Key Accounting Concepts

The foundation of any organization is made up of accounting concepts You can grow as a leader by mastering various concepts of accounting . What is it? Accounting concepts can be defined as the presumptions, conditions, and ideas that guide how firms and organizations organize their bookkeeping procedures and record financial transactions. It enables an …

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