Interest on Deposit
Interest earned on various saving accounts may be credited directly into the …
Financial
Direct Credits
Direct Credits or Direct Deposits are amounts deposited directly by someone into …
Errors in Bank Statement
Errors or omissions by the bank can lead to a difference between …
Deposits in Transit
Deposits in Transit, also known as outstanding deposits, are those deposits that …
Unpresented Cheques
These represent cheques that have been issued by an entity to a …
Bank Reconciliation Statement
Bank reconciliation statement is a report which compares the bank balance as …
Accounting for Dividends on Ordinary Share Capital
Accounting Treatment Dividends on ordinary share capital constitute an apportionment of the …
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Accounting for Loan Payable
Accounting for loan payables, such as bank loans, involves taking account of …
Discount Received
Discounts may be offered by suppliers on sales of goods to attract …
Purchases Returns
Purchases returns, or returns outwards, are a normal part of business. Goods …