Question

 

Explain the books of account generally kept by the Bank.

20 Feb 2025
Answer :
Word Count : 357

Banks maintain a variety of books of accounts to ensure the accurate recording of all transactions, regulatory compliance, and financial transparency. These books play a critical role in managing the bank’s financial records and maintaining operational efficiency.

The primary books of accounts generally kept by a bank include:

  1. Journal: The journal is used for recording all the bank’s daily transactions in chronological order. This includes all types of transactions _______ _____ ______ _____ __________ _______ ________ ____ ______ __________ ______ _________.
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