Banking

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Banking is taking cash and cheques to the bank to deposit into the business bank account.

Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Banking. Taking cash and cheques to the bank to deposit into the business bank account.

Related concepts

Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.

Related lectures

Bookkeeping Quarter.

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