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29/04/2022South Wood ham Ferrets Town Council 2021/2216:47Balance Sheet as at 31st March 202231st March 202131st March 2022 Current Assets5,124Debtors5,5976,376VAT Control Account6,040200,315Current
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A current bank account is a type of deposit account held at a financial institution that allows for numerous withdrawals and unlimited deposits. It is primarily used for day-to-day transactions and often offers features like check writing and debit card access.
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The purpose of a current bank account is to provide a safe place for individuals and businesses to hold their money, manage daily financial transactions, and access funds easily through checks, debit cards, or online banking.
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Information that must typically be reported on a current bank account includes account balance, transaction details (deposits, withdrawals), account holder's identification details, and, in some cases, the source of funds.
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