Why Bank Reconciliation is required?Other reconciliation
you do?
- 1 Answers
- 4917 Views
- IBM, I also Faced
- E-Mail Answers
Answer Posted / c
Today most of the transactions are make through bank,in day
to day transactions we issue the checks and deposit the
checks in bank in some times we forgot to record the
transaction in cash book or pass book,then the difference
take place between two books.FOr the purpuse of removing the
difference between we do Bank Reconciliation.
| Is This Answer Correct ? | 13 Yes | 1 No |
Post New Answer View All Answers
What is Budgeted capital ?
in what form is crr kept in RBI?
Expand---------PED
please answer this question.the following balances were extracted from the books of modern traders on 31st dec,2010.capital(85000)fixed assets(45000)stock1-1-2010(15000)sundry debtors(20600)productive exp(3300)reserves fund(6600)discount received(800)cash in hand(6200)drawing(5000)accomulated dep.(9000)purchases(82000)bad debts(400)unproductive exp.(27400)sundry creditors(9000)sales(120000)cash at bank(25500).adjustments.stock on 31-12-2010(15000).outstanding wages (5000) write-off (600)of further bad debts. create provision for bad & doubtful debts at {5%) on debtors.unproductive expenses includes anitem of prepaid insurance (100).provide depreciation on original cost of fixed assets @ (10%).
How do you avoid loss situation
EXPAND___________INMA
3.In TALLY,we used to call tally erp 9.like that,in sap we used to call SAP ECC 6.0.here what is ECC?,i know the abbreviation of ECC.i want to know the role of ECC?
What are the things are not Included in Annual Reports?
what is data entry? what is report generation ?in accounting how it is used .
How to increase our credit rating score quickly?
What is meant by Nostro Reconciliation
Where we show Service Tax Due ( Debit Balance ) in Balance Sheet?
What do we mean by the term "Securities" when we say that "Govt injecting/sucking liquidity in/out of the system by buying/selling securities?
Do you need an income statement if you do part time contract work at home?
How can a company reduce profit
