Bank Statement
Bank statement is a document issued by a bank summarizing all transactions in a specific account over a set period. It includes deposits, withdrawals, charges, and ending balances. Businesses use it to verify recorded transactions and support bank reconciliation processes for accurate financial records.
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Book Closure
A temporary suspension period during which a company’s share transfer books are closed. It determines eligible shareholders for dividends, rights…
Bank Draft
A payment instrument issued by a bank guaranteeing payment to a specified party. It is commonly used for secure transactions…
Bank Guarantee
Bank guarantee is a promise issued by a bank ensuring that a debtor’s obligations will be met if they default.…
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