what is Reconciliation-NOSTRO,VOSTRO?
- 13 Answers
- 75648 Views
- ABC, ANZ, UBS, I also Faced
- E-Mail Answers
Answer Posted / reshma.l
The process of ensuring that one's personal records of transactions on a bank account matches the bank statement one receives each month or quarter. That is, each time one writes a check, uses a debit card, or otherwise makes a withdrawal from or deposit into a bank account, one keeps a record of the transaction. Account reconciliation involves making sure that these records match the bank's of the same transactions. Account reconciliation helps avoid, or at least remedy, such problems as identity theft and bank errors.
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
In Oracle Applications will Translation will create any journal entry then what is the journal entry what are the accounts affected
Can v transfer trail balance to journal entry how and with example?
Data flow of Accounts payable to General ledger?
Hi, I am preparing for Junior Accounts Officers test- APTRANSCO. Can any one suggest the model paper / Books available? john kadapa
distinguish between Bill of Exchange and Promissory Note
What is meant by retiring Bill
what do you mean by accounting?Explain the various concepts of accounting and the need for having accounting standards?
As a fresher in oracle finance can a get a job in oracle finance n what type of questions can they ask me as a fresher...oracle finance...
What is Compliance?
Can anyone mail journal entries for me? my Mail id rukmini@live.in
what is mean by T and E cosept
What is the process of VAT & CST Registration?
what are the payroll procedures?
How to Calculate PF with interest or without interest.
why did rbi hiked repo and reverse ratio and how it will effect the market
