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7 August, 02:41

If a company has three bank accounts for processing payments, what is the minimum number of ledgers it needs?

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  1. 7 August, 03:21
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    A Company needs three ledgers if it has three bank accounts for processing payments. Three ledgers need for each of the bank accounts.

    This three ledger provide more efficient and effective in maintaining each of the accounts and the payment process related to the account. This method will make the bank reconciliation process easier too.
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