What is bank reconcilation a/c
- 6 Answers
- 10560 Views
- Accenture, Genpact, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / sangeethag
Bank reconcilation is comparison of cash book and bank stmt
to tally our balance with bank stmt. bank charges and
interest we have to record in our book to match the bank
stmt.
| Is This Answer Correct ? | 20 Yes | 2 No |
Bank reconcilation statemet is statement it reconciles the
bank balance in the book of organisation with bank
statement. It prepares depent on accounting department.
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / rosecindrella
A BRS IS DEFINED AS A STATEMENT OF PREPARD BY PERIODIC
INTERVAL.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / prem
Bank reconciliation is matching of bank statement and firm's bank balance.
Ex.-- If bank statement bal. Is 49000/-(dr.)In 31st march and if our check given in 31st march rs. 7000/- to any party so our balance should be 56000/- in our account as on 31st march,because 31st march dated check will be cleared in aprl.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / viswanatha reddy
What happens here is withdrawls from the bank exceed
deposits. The lending institution, usually the bank, would
allow an extension of credit in such a case. The company is
usually expected to pay within short-term and it results in
negative balance in company's bank account. That is the
reason for the overdraft being classified as a current
liability.
| Is This Answer Correct ? | 1 Yes | 2 No |
Answer / viswanatha reddy
What happens here is withdrawls from the bank exceed
deposits. The lending institution, usually the bank, would
allow an extension of credit in such a case. The company is
usually expected to pay within short-term and it results in
negative balance in company's bank account. That is the
reason for the overdraft being classified as a current
liability.
| Is This Answer Correct ? | 2 Yes | 8 No |
what is FDI
How Adjust The Amount Taken By Partners For Personal Use? Is The Entry For Drawings? Even If The Amt Exceed 5 Lakhs Or As Partners Loan If Its Not Recovered Even After 1 Year? Discribe All.
What is the closing entry?
how to treat investment fluctuation fund in case of death of a partner
"money left on the table," what it means???
golden rules of accounting
My Books of Accounts started from January 2013, I have opening Bank Balance Rs.1000/- Owner says this amount paid by one client in December 2012 appear in bank statement What is Accounting entry for the Accounting 2013 ?
Is it possible to change the accounting period under Indian GAAP from 1/Apr-31March to 1/January-31/December? There is any restriction in doing that, i mean for example for fisal purposes? Thank you all!
what is branch reconciliation?what is the Procedure of Branch reconcile step by step?
2 Answers HCL, HPCL, Treebo Hotels,
what is surcharge on vat? is it refundable or not?
if salary is paid what will be entry? If it is given on advance? If it is paid on delay
In which group " charity" will come under.....in tally?
Audit 
