Is bank reconcilation necessary for any organization ? If yes, when should that

Is bank reconcilation necessary for any organization ?
If yes, when should that performed ?

Question Posted / ramesh

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Is bank reconcilation necessary for any organization ? If yes, when should that performed ? ..

Answer / prasad s

yes it is very important because without bank reconcialation
accounts can not be closed. so the reason we have to take
the bank statement from banks and ready to bank
reconcialation and what ever the balance in your bank book
balance and the bank statement should match each other. then
only BRS is correct.

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Is bank reconcilation necessary for any organization ? If yes, when should that performed ? ..

Answer / sakthi arunarm

yes it is very important because without bank reconcialation
accounts can not be closed. with the help of the bank statement only our account is corrected by correct data due to some delay of work. then only BRS is correct

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Is bank reconcilation necessary for any organization ? If yes, when should that performed ? ..

Answer / guest

it's necessary. & it is performed daily basis.

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Is bank reconcilation necessary for any organization ? If yes, when should that performed ? ..

Answer / monika khandelwal

yes
bank reconciliation is very important for every
organization..because its helpful in verify cash & bank
balance..it should be done on monthly basis..without the
reconcile your bank balance, your final accounts is not
correctly presented...

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