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what is Reconciliation-NOSTRO,VOSTRO?
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Answer / tarun
Nastro is our acnt n vastro is their acnt n reconciliation is done with mirror n nastro acnt held by us:
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / sri
prasanna, if you want to know about the nostro & vostro
account follow the link given below.
http://en.wikipedia.org/wiki/Nostro_and_Vostro_Account
One Bank's statement describe about all credit & debit
transactions maa.
I think you are not understand the term "RECONCILIATION"
You are not included the important points.
| Is This Answer Correct ? | 19 Yes | 22 No |
Answer / sri
please use the correct spelling for your answers before
posting it. here Prasanna had entered same answer with
blunder mistake on spelling; prasanna used the
spelling "check book" instead of using proper spelling
of "Cheque Book".
| Is This Answer Correct ? | 12 Yes | 37 No |
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