In bank statement value date is before the transaction date
i.e value date is 31.03.2020 and transaction date is 01.04.2020
which date should be considered for bank reconciliation statement
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In Bank reconciliation which is considered value date or transaction date
Replies (1)
On the value date. Because if you transacted a cheque into the bank, if it gets cleared after 4 days due to holidays, the date on which your account is credited with cash is called value date. BRS refers to value date.
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