⭐ Important points (exam-critical)
- ⭐Slip system of ledger posting unique to banks (vouchers slips classified daily).
- ⭐Statutory reserve transfer: minimum 25% of profit (no exemption unless RBI approves).
- ⭐Interest on doubtful debts not recognised — only on cash receipt.
- ⭐Disclose movement of NPAs & restructured accounts in notes.
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