what is Bank Reconciliation?
Answers were Sorted based on User's Feedback
Answer / pravin kamble
Bank reconciliation means
1)To reconcile the bank statement with our books of account
for the period agreed.
2)Match the entries posted in our book with the Bank
statement.
3)Highligh / segreegate the unmatched entries.
4)Find out the reason for unmateched entries.
5)Pass the correction entries in our books or if required
communicate to bank to rectify it.
6)Find out the timming difference.
For any more clarification mail to me on
pravin.kamble425@gmail.com
Is This Answer Correct ? | 4 Yes | 0 No |
Answer / akshay
Bank Reconciliation is Reconcille or maching entries in our
book or transactions made by us through bank. after that we
can confirm bank transactions. please revert on
kshy_joshi@yahoo.com if wrong something.
Is This Answer Correct ? | 1 Yes | 0 No |
What is the defination/meaning of Mercantile Accounting?
what is the difference between outstanding & accrued?
what are the payroll procedures?
Can any body answer me what is the logic of writing A/c's payee over the corner of the cheque?
why the RRB'S not lend loans directly to farmers?
Expand--------STSC
What is discounting accounting and why depriciation of assets are mention in dicounting accounting?
What do you mean by Green-shoe option?
equity
What is a variable?
what about the company background?
Answered but misspelled pl correct THE MINIMUM NUMBER OF SHARE HOLDERS IN A PUBLIC LTD CO. (ANS.NEVSE)