why is the recocillation done?
- 2 Answers
- 3596 Views
- Global Talent Track, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / harihara nayak
Reconciliation statement is done to find the actual difference between cash book and pass book balances and reconcile the differences by passing exact entries.
| Is This Answer Correct ? | 9 Yes | 0 No |
What is net Facilities?
While finalizing the current year’s profit, the company realized that there was an error in the valuation of closing stock of the previous year. In the previous year, closing stock was valued more by Rs.50,000. As a result (a) Previous year’s profit is overstated and current year’s profit is also overstated (b) Previous year’s profit is understated and current year’s profit is overstated (c) Previous year’s profit is understated and current year’s profit is also understated (d) Previous year’s profit is overstated and current year’s profit is understated
What is Depreciation ?
1.A Company with a net income of $ 7,650 in a year and has 3,000 outstanding shares. Calculate the Earning per Share (EPS).
opening stock rs.6000 purchases rs.22000 cash sales rs.18000 credit sales rs.12000 calculate closing stock if rate of gross profit on cost of goods sold 25%.
3 Answers State Bank of Mysore SBM,
If current liabilities shown in assets side of balance sheet.... what they did wrongly??? how can change the liabilty side from asset side???
2 Answers ADI, Blue Pearl, BridgeStone, Confidential, Orion, PIPL, Vignesh, Wipro,
1. What do u mean by custom duty? 2. How can u prepare Salary Statement in Company? 3. how much amount will pay to a cotractor through T.D.S ?
how to calculate vat,pf,esi,service tax in corporate firm
How Advances to suppliers for purchase of raw materials is to be considered while calculating Drawing Power
0 Answers State Bank Of India SBI,
Explain what is ledger?
What is indent?
What is the disadvantage of double entry system?
Audit 
