What is the purpose of a bank reconciliation statement?
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Answer / dayakar
The main purpose is to check out the reasons why the bank
statement and the bank balance in our cash book is not tallied
| Is This Answer Correct ? | 10 Yes | 2 No |
Answer / suburam
Bank reconciliation statement is a statement.
To find out the difference of the balances between Bank
column cash book and Cash column of bank book.
| Is This Answer Correct ? | 6 Yes | 0 No |
This prepare mainly end of every month or year ending how
much amount have in our A/c .Becoz decided to drawing or
deposit.further uses guide -> BRS.
| Is This Answer Correct ? | 1 Yes | 8 No |
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DEAR ALL, HOW TO ACCOUNT THE SALARY ADVANCE A/c. I HAVE TAKEN AN ADVANCE OF Rs.25000/-. I HAVE DEBITED SALARIES ADVANCE A/c AND CREDITED THE PETTY CASH A/c in TALLY. I dont't know whether it is correct or not. If correct, in my individual ledger no entry is reflected. Alternatively, if I debit my self and credit petty cash a/c it is reflected in the P & L Account, but it is not an expense. and not reflected in the balance sheet, but reflected in P & L. I think I need to put a journal entry. Like debiting the salary account and crediting the salary advance account. Is this correct or not? Can any one help me please. my mail add: cdvijay100@yahoo.co.in or kmlnkml@live.com
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