what is a reconcilation statement
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Answer / guest
it is statement mainly preparing for finding the balance
between cashbook and passbook
| Is This Answer Correct ? | 8 Yes | 4 No |
Answer / lakshmanreddy
Bank reconciliation is the process of matching and
comparing figures from accounting records against those
presented on a bank statement. Less any items which have no
relation to the bank statement, the balance of the
accounting ledger should reconcile (match) to the balance
of the bank statement.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / aftab shaikh
Bank Reconcilation a process which find the gap betwin Bank
entry and our bank ledger, If someone company give a cheque
in month end,we put this entry in our bank account means
bank ledger but still cheque are not clear in this current
mths, but cheq clered in next month, the both entries
reconcilate in a statement that is a bank reconcilation
statement.
pls check it this correct! and advice.
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Answer / sudarshan
a statement which is prepare to reconcile the balance shown
by the bank pass book & balance shown by cash book.
| Is This Answer Correct ? | 4 Yes | 4 No |
Answer / piyush
it is a statement prepare for the purpose finding gap
between cash book and bank passbook so it will remove with
proper accounting entry.
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Answer / praveen shetti
It is statement prepared to reconcile the difference between
the cash book balance and the pass book balance.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / faisal adam (fdabeeco)
the point is to know uotstanding check,so that One of the
most efficient and most commonly used tools for checking
the accuracy of the bookkeeping system is a check known as
the "Bank Reconciliation". This check is usually carried
out once a month, at the end of the month.
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / preety
bank reconcilation statement shows the diffrence between
the cash book and pass book..
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / shobha
The Bank reconcilation statement is prepared every month
end when it shows different between cash book and pass book
to know the exact differnce between cash book and pass book
| Is This Answer Correct ? | 0 Yes | 1 No |
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