what is bank reconciliation?what is reconciliation of
account and what type of accounts maintain in colleges?
- 3 Answers
- 5612 Views
- Mphasis, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / barun
bank reconcilation is way to find out outstanding balance
for any A/c is match with the amount you spand these two
value must match at the end of transection.
confused......
ok
example-you have icici bank A/c-you deposit -rs 1000
next day you withdrawl 300
next day deposit 500
again next day withdrwl 1000
at the end of month outstanding balance=total(deposit)-total
(withdrowl)
i.e os balance=(1000+500)-(300+1000)=200
at the end of month bankers cheking the amount with bank
statment it is correct or not with your a/c.
ie is reconcilation.
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / raju
BRS means comparing the balance between banks &
companys/offices to know the actual status of financial
condition as well as to know the balance available to the
a/c holder comparing to bank is whether correct or not..
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / rahul dev
BRS means the valuation of Cash balance and pass book.
| Is This Answer Correct ? | 0 Yes | 0 No |
calculations of pf
how many times we can deposit the old currency in one a/c in the bank
Is it mendatory to provide deferred tax asset, where the management not expecting taxable profit in the subsequent financial years.
What are the different fields of accounting?
WHAT TYPE OF QUESTION WILL YOU ASK IN INTERVIEW BECAUSE IAM FRESHER
2 Answers Bank of Baroda, State Bank Of India SBI, Vserve,
Tell me what does the standard journal entry includes?
dear i want basic a\C's oriented question. these are asking in mostly all mnc companies
Describe the proof of cash type of bank reconciliation?
Explain an example of a tough decision you had to make quickly?
Explain: Accrual Concept, Realisation Concept, Going Concern concept, Accounting period Concept
Tell me why some asset accounts have a credit balance?
Tell us what do you believe should be an important quality of an account executive?
Audit 
