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Bank Reconciliation Statements - IGCSE Accounts
Bank Reconciliation Statements . A bank statement is issued by the bank at the end of each month and will contain details of the money paid out and into the firm's account. In order to be able to understand the terms used in a bank statement some important terms need to be defined: 1-Direct Bank Transfer An automatic transfer of money from a ...
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Accounting Principles and Concepts - IGCSE Accounts
www.igcseaccounts.comAccounting Principles and Concepts . The Accounting Principles . They are several assumptions concerned with the recording of transactions in the books. The most important is that the financial statements known as the final accounts must be drafted in the same way. This is so that there is a common format
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Prepared by D. El-Hoss IGCSE Accounting Errors
www.igcseaccounts.com2 1 Dylan Kelly is a trader. After the preparation of his draft income statement for the year ended 28 February 2015 some errors were discovered. REQUIRED (a) Complete the following table to show by how much correcting each of the errors would affect the profit for the year.
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