What is Bank Reconciliation
Bank reconciliation is the process of matching the bank balances reflected in the cash book of a business with the balances reflected in the bank statement of the business in a given period. Such a process determines the differences between the balances as per the cash book and bank passbook. Reconciling bank statements with cash…
Read MoreWhen Dividends can be Voted
Dividends Dividends are a return to shareholders on the profits after tax that a trading company has in its annual financial statements and the board of directors approve the amount of dividends to the shareholders. In a private limited company these could the same people especially startup companies. Payment of Dividends Dividends is small private…
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