Answer Posted / sushi

Nostro Account is an Account Maintained by One bank with
another correpsonding forgiegn bank in its Local Currency.
The Reconciliations of our General Ledger Entries with
Corresponding Bank Statements with whom we open an account
is said to be Nostro Account Reconciliations. The main
advantage of Nostro Account Reconciliation is that there is
no chance of Excahnge rate between the transactions.

Vostro Account is totally in reverse to What Nostro Account
is. Vostro Means the Correspondent Bank Account which we
are Maintaining with us in forgien currency.

what is a Depository Participant?

3138

---

ER-1, ER-2,ER-3,ER-4,ER-5,ER-6,ER-7 plz tell me use of these excise form

1787

---

hi, what type of questions are asked in capital iq interview .plz let me know. thanks... venkat...

2533

---

what is new updates in account

2052

---

Short Answer on ________Accounts Payables

1962

---

What are the names of the codes which are needed for RTGS ? Payment and wire transfer respectively ?

1801

---

what are micro-cap, small-cap, mid-cap, large-cap companies?

2237

---

Where the Cost of labour, Material used and sales scrap (if sales given)get effect in balance sheet

2109

---

Expand--------CMTS

2396

---

wht can u do for the growth of bhel?

2027

---

What si the differance between REVENUE and PROFIT?

1953

---

what is the difference between Assets Allocation & Security selection?

2882

---

Your company code use USD as the company currency. You are trying to post to an account in EUR but get an error message that you can see the problem. What is the reason?( any 1 answer) • The currency maintained in the account master record is USD • The translation rate between EUR and USD is NOT maintained • The only balances in local currency indictor is set in the account. • The account determination for exchange rate difference is missing for the account

2224

---

what is GL Balance

2311

---

Expand---------PSRT

2072

---