Is Bank Reconciliation Statement is compulsory prepared?
Even when both cash & Bank Book are tally?
- 13 Answers
- 34462 Views
- Alfa Textiles, Ascon, ETA, GE, IBM, Mphasis, OPI Global, Star, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / chetan upadhye
Yes ,I aggri with you
Because without help of bank reconciliation prepaid not
able to tally cash & bank pass book
e.g:suppose cheque deposited Rs:1000 in bank ,but not
enterd into cash book .
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / arun
Yes because the bank has many accounts of diff people they can't tally all the book at a time so bank should tally all the accounts equaly and definetly
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / madhu naidu
It is a statement to prepare to reconsile the diffrence
between balence as per Bank book and balence as per cash
book.
* it is prepared by a customer (i.e Accountant)
* according to My knowledge if both books are tallyed at
the same time, There is no need to prepare This statement.
| Is This Answer Correct ? | 0 Yes | 1 No |
Short Answer on ________Adjusting Entries
how to calculate operating and financial leverages
What is the value of inventory as per Financial Accounts (AS2) and as per Cost accounts? Someone told me that as per cost accounts only works costs is considered in CARR while for FA, AS2 is followed with cost or NRV whichever is lowewr? Please explain the difference.
What is written off?
Rs 45000 received from the source of bad debts which were already declared.pass entry
what do you mean indirect expanse in trading business?
Please answer the following question: "Your grandmother sends you a large check for your birthday, asking that you use the money to buy shares of stock in a company. She recommends that you review the company's financial statements before investing. What can a company's financial statements tell you about the investment potential of its stock?"
Expand A T M
Expand---------RMD
accounting principals
Company A is having operating cycle of 15days...b is having operating cycle of 10 days which company is having better position
i want to deregistar my sms banking at axis bank
Audit 
