Answer / anil ahuja

If there is any difference beetween bank pass book and cash
book or in any other account which is mainted by other the
processing of reconcile the same is called reconciliation

Answer / venkatesan

Reconciliation means two sets of accounts balance. If you
have A & B Balance reconcile the process and get the same A
equal to B Balance

Answer / subrahmanyam

Reconcilation is differ from the cash book and passbook it
is systamaticaly adjestment an amont in adjestment in those
books reconcilation

Answer / k suresh kumar

Reconciliation: is the statement prepared at a given period
in order to reconcile the cash book with the passbook to
ensure the correctness of the balances

Answer / naveen kumar.karumuri

To reconcile the Books of Accounts differences during the Adjustments

Thanks
Naveen Kumar.Karumuri
Accounts Excutive

X of Kolkata sends out goods costing 300,000 to Y of Mumbai at cost + 25%. Consignor’s expenses Rs 5000. 1/10th of the goods were lost in transit. Insurance claim received Rs 3000. The net loss on account of abnormal loss is (a) Rs.27,500 (b) Rs.25,500 (c) Rs.30.500 (d) Rs.27,000

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