about bank reconciliation
Answers were Sorted based on User's Feedback
Answer / kuldeep pandey
Clossing Balance as per our Books *******
Add: Cheque issued but not presented *******
Cheque credited but not recored our book *******
Less: Cheque deposited to bank but not credited ********
Clossing balance as per bank statement *******
Is This Answer Correct ? | 12 Yes | 0 No |
Answer / govind
It is reconcilation between the amount of balance as per
Cash book and pass book.
Is This Answer Correct ? | 5 Yes | 1 No |
Answer / bharathi
BANK RECONCILIATION IS NOTHING BUT MATCHING THE BALANCES
BETWEEN BANK PASS BOOK AND COMPANIES BANK BOOK / OR IN
OTHERWORDS ARRIVING THE DIFFERNCE BETWEEN BANK BOOKS & BANK
PASS BOOK - TO KNOW WHICH CHEQUES ARE YET TO BE PRESENTED
IN THE BANK AND WHICH CHEQUES ARE CLEARED / RETURNED BY THE
BANK
Is This Answer Correct ? | 3 Yes | 0 No |
Answer / pollitirumaleswarareddy
It is a statement reconciling the balance as shown by bank
passbook and balance as shown by cash book. The main
objective is to know the difference and pass necessary
correcting , adjusting entries in books.
The following are the reasons for difference is
1. Outstanding Checks
2. Deposits in transit
3. Service charges etc.
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / k jagannath reddy
BRS is a statement of reconcile the balance between cash book and bank book balances.
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / anamika sheoran
bank reconciliation is camparing and maching our account
recdord and bank statement issued by bank. its anayse the
diffrence between bank statement and our account recdord
Is This Answer Correct ? | 1 Yes | 0 No |
From the following particulars calculate B.E.P and P/V ratio Fixed Expenses 1,50,000 Variable cost per unit 10 Selling price per unit 15
What is the difference between Finance and Accouts?
what is the difference between gross profit and net profit?
how many types of financial teribuanal? what is that?
Answered but misspelled pl correct HELPS US TO KNOW THE FINANCIAL POSITION OF THE BUSINESS (ANS.EEECNALABSHT)
Realization concepts of revenue?
expand V R S
Expand--------RMD
Let me know why we debit expenses and credit revenues
Telly ERP9 is perfect accounting softwear in excise unit.
how to calculate operating and financial leverages
how many types of practice accounts?