The business has drawn a check of the same amount on the deposit account of Bank “A” in return for its debt of TL 28,000 to the seller. Which of the following accounts is correct to use in the journal entry to be made according to this information?    a) Checks and payment orders given account is owed 28.000 TL  B) Banks account credited 28.000 TL  NS) Received checks account is credited 28.000 TL  D) Sellers account credited 28.000 TL  TO) Sellers account owed 28.000 TL

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Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.