how to do bank reconciliation

Question Posted / sunil_nirala

2 Answers
4144 Views
Arihant, I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

how to do bank reconciliation..

Answer / suresh

@Reconcile means normally at the end of the every period to compare entries in the cash book and compare entries with the pass book.
@The exact causes of difference are scrutinized and then bank statement reconciliation is prepared.
@Necessary suitable entries will passed in the cash book.

3 types of Reconciliation

1. Manual clearing process: In this process we will manually clear the transactions without entering the bank statement into Oracle.

3. Manual Reconciliation
In this process we will manually enter the bank statement into Oracle. We will take the transactions one by one and search for the bank transactions manually and mark the transactions as reconciled.

3. Auto Reconciliation
We will enter bank statement into Oracle and run a program, so that system will search the transactions and will reconcile automatically.

Is This Answer Correct ?

1 Yes

0 No

how to do bank reconciliation..

Answer / mahesh babu

Reconcilation : Matching either recieps and payments with bank statement lines like debit and credit.

Two types of Reconcilation

1. Manual Reconcilation

2. Auto Reconcilation

Is This Answer Correct ?

1 Yes

1 No

Post New Answer

More Oracle Apps Financial Interview Questions

some tabs in payable option and financial option?

1 Answers Deloitte,

What kind of necessary ap information you gather from the client?

0 Answers

What is the use of this Table AR_RECEIVABLE_APPLICATIONS_ALL in AR Module ?

2 Answers Satyam,

Accounting Methods?