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
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
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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