which date is effected in books related bank recancilation
transaction date or value date?
Answer / gopal
value date is effected in bank reconciliation because
whenever passing an entry in the ledger value date is
considered and at the time of reconciliation transcation
date is not consider(e.g. in recociliation statement show
the items which are not transaction take place at bank.
for example : if a cheque of Rs 50 lacs issue on 23.02.2010
then the value date also 23.02.2010 and the transcation
date is 07.03.2010 at the Feb month end in reconciliation
statment will take as cheque issue but not presented in
bank yet with cheque value date, there is no need of
transaction date.)
Is This Answer Correct ? | 1 Yes | 0 No |
how to enter ATM withdrawal transaction in tally
Allowances means-mobile, trawling is direct exp or indirect exps
Explain me the basic accounting equation?
reserve for doubtful debts is wich type of account?
What is the general net worth percentage banks will observe while sanctioning the Loans for Tranding, Construction and Manufacturing units.
Tell me an example of a tough decision that you had to make?
In which categoury bank account comes? personal or real
Tell me do you possess any knowledge about accounting standards?
What is accrued expenses .and what is differance between accrued Expenses & Accrued Income?
how could i explain the reasons to quit my previous job and what are the better reasons to quit my job?
Definition of accounts payable
3 Answers Genpact, Infosys, MNC, TATA,
How to pass journal entry for service charges received after tds from a debtor?