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what is bank reconcilietion
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Answer / srinivas k
Bank reconciliation is the process to compare accounting
records to the bank's records with their account balance in
order to uncover any possible discrepancies
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / bindu
Bank reconciliation is a process of comparing or matching
figures from the accounting records against those shown on
a bank statement.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / mangesh
Bank reconcilation statement means journy from one book
(starting book) to another book (end book ) which giveing
effects Variation by plus or minus (+/-)
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / ratheesh
Any difference in the bank balance as per cash book & Bank
balance as per pass book is called bank Reconcilation
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / anjali
Bank reconcilietion is a statement which is ment to prepare
to know the differences of amount that was being between
the cash book and bank balance that we are using during the
month etc....
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / nilesh wadekar
Bank reconciliation is the process of comparing and matching
figures from the accounting records against those shown on a
bank statement.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / anuj kumar
It is basically represents the reasons of not reconciled
the bank balance as per bank statements & bank balance as
per our system.
| Is This Answer Correct ? | 2 Yes | 3 No |
Bank Reconcilation statement is the all banking transaction
maintained the statement taht is calloes to bank
reconsilation statement.
| Is This Answer Correct ? | 0 Yes | 1 No |
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DHPL is a small sized firm manufacturing hand tools. It manufacturing plan is situated in Haryana. The company’s sales in the year ending on 31st March 2007 were Rs.1000 million (Rs.100 crore) on an asset base of Rs.650 million. The net profit of the company was Rs.76 million. The management of the company wants to improve profitability further. The required rate of return of the company is 14 percent. The company is currently considering an investment proposal. One is to expand its manufacturing capacity. The estimated cost of the new equipment is Rs.250 million. It is expected to have an economic life of 10 years. The accountant forecasts that net cash inflows would be Rs.45 million per annum for the first three years, Rs.68 million per annum from year four to year eight and for the remaining two years Rs.30million per annum. The plant can be sold for Rs.55 million at the end of its economic life. The company would need to raise debt to the extent of Rs.200 million. The company has the following options of borrowing Rs.200 million: a. The company can borrow funds from a nationalized bank at the interest rate of 14 percent for 10 years. It will be required to pay equal annual installment of interest and repayment of principal. b. A financial institution has offered to lend money to DHPL at 13.5 per annum but it needs to pay equated quarterly installment of interest and repayment of principal. Questions: 1. Should the company expand its capacity? Show the computation of NPV 2. What is the annual installment of bank loan? 3. Calculate the quarterly installments of the Financial Institution loan 4. Should the company borrow from the bank or from the financial institution?
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Audit 
