Interested to Buy Any Domain ? << Click Here >> for more details...
What is bank reconciliation ?
- 8 Answers
- 11257 Views
- Genpact, Infosys, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Bank reconciliation is a statement, perpared by an
organisation to reconcile the cash at bank in its own
records with the particuler bank statement on a particular
period.itis made at the end of the month.mainly the
diffrences between the two records on a particular period
may be arise due to the following:
1 cheques drawn but not yet presented in the bank.
2 cheques received but not yet deposited in the bank.
3 bank charges debited but not recorded in the
organisation's books.
4 interest credited but not recorded in the books of
organisation's books.
| Is This Answer Correct ? | 18 Yes | 0 No |
Answer / rasheed
IT is a statement which is prepared by a Trader..to find the
difference between cash book and passbook......
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / thiyaguhih
So many Reasons for difference between the company books and Bank passbook, Hence we make reconcile both of books.
| Is This Answer Correct ? | 2 Yes | 2 No |
Answer / tushar
bank reconciliation is statement not a ledger .it's showing the cause of difference in the balance of bank as per cash book and balance as per passbook for particular time or on particular date
| Is This Answer Correct ? | 0 Yes | 0 No |
expand M E A
Expand CTD
where can i get APGENCO jr Accounts officer test question paper
1 Answers APGenco, apspdcl, JAO,
what do you know about NAV
What is the Purpose of Preparing Bank Reconciliation Statement?
Expand B O I
how to create the trading a/c, profit & loss a/c & Balance sheet & What do u mean by bank reconcilation
How much time does it take for a pay order to be made?
how standard costing techniques are applied in manufacturing sectors
how to calculate basic in provident fund under salaries?
a trader sold an article for Rs 714/-after allowing discount of 15%.If not allowed discount he would have make 20%profit. If so what will be thwe cost price of the article
what is difference between venture capital financing and equity financing?
Audit 
