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 |
How many accounting standards in india
Expand C O D
Transfer nett profit of Rs 325000/- to Reserves and Surplus
WHAT IS THE DIFFERENCE BITWEEN RESERVE & PROVISION?
whether securities premium includede in calculation of Net Worth.
What is personal Account?
PLEASE TELL IF I PAID BY CHEK ON 31 MARCH 2009 AND CLEAR IN THE BANK ON 5.4.2010.PLEASE EXPLAIN IT WHAT EFECT ON F.Y AND A.Y.?
I want to know how to get Appeared to the examination of State bank of India. And how can i find the question Book Series.
What is diff. between mutual fund and security?
the difference between cost accounting and management accounting
Decrease in the amount of Creditors result in 1.Increase in Cash 2.Decrease in Cash
Expand RMP