Mark Kolta
Mark Kolta is able to combine analytical ability, comprehensive financial information and client service skills to assist clients define and reach their financial goals.
Title Text
Mark Kolta | Bank Statement And The Cash Book
By Mark Kolta
Mark Kolta | Bank Statement And The Cash Book
The ledger account maintained by the bank is the opposite way round to the cash book. This is because the bank records balances from their perspective. Therefore if a client has a positive bank balance the bank would display this as a credit balance because they have a liability to pay it back to the client. If the client is overdrawn this would be shown as a debit because the bank are owed a repayment from the client.
