This means that a check you took from a customer could not be deposited into your account because they did not have the money to cover their check. The bank deducted the amount of the check from your account.
Debit Account Receivable, Credit Cash
A check received from customer will be credited to his account , hence his earlier debit balance will be reduced . simultaniously it will be debited to bank account , hence bank balance will be increased
true
Most banks usually send a hard-copy (paper) statement of the list of transactions in your bank account every month or every quarter. A statement is nothing but a record of all transactions that happened on your bank account. It gives an opportunity to the customer to check if all the transactions were legitimate. If the customer feels that one or more transactions were not done by them, they can file a complaint with the bank.
Who are the staff that check when a customer pay by cheque?
voucher
There may not be difference between cashbook and bank statement balance in bank if all the payments and remittances are debited and credited in the bank account on the month itself.It may not be possible under certain circumstances. For example if a check has been paid to the customer and if the customer has not deposited the check in his/her account naturally the bank account will show an excess balance corresponding to the check in question.Similarly if a check remitted in the account needs clearing from other bank there also possibilities for difference.
Make sure that the customer account is credited and that cash is debited.
When a check is issued to a creditor or is recieved and then banked there is always a delay varying between 2 and 7 working days for the banks to transfer to or from the account. This can mean that the statement is up to date only with transactions that they have received or had to pay out.
if is a conditional statement to check the given condition
Yes
conditin are given in for statement they check one time either it true or false and in while statement they check again and again untell the condition false.
you can check your account online, call customer service or request a statement.