What is the Purpose of Preparing Bank Reconciliation
Statement?
Answer Posted / h.r. sreepada bhagi
To match all the entries made in the books account and to
ensure that no payment or receipt appearing in the bank
statement has escaped accounting.
In other words it's done to ensure that all entries in the
bank statements are accounted also that there will be no
scope of cheque bouncing for want of funds and effective
utilisation of money in the account.
| Is This Answer Correct ? | 20 Yes | 0 No |
Post New Answer View All Answers
wht is different between defered tax liablities and defered tax assets??????
What procedure for excess payment to supplier I would like know without adjusting invoice that means how supplier will send back excess amount how do in oracle apps?
what are the main important accounting entries for AP and AR ...
How to pass journal entry of gifts purchased for employee by using campany ATM card
I have passed in SBI clerical exam 2009 , pls tell me what question will be asked for interview .pls mail it on my email id sawant.supriya51@gmail.com
WHETHER CAPITAL RESERVE CREATED OUT OF SALE OF FIXED ASSETS OVER AND ABOVE THE COST BE TRANSFERED TO PROFIT AND LOSS ACCOUNT
Tell me what are the activities that includes in cash flow statement?
List out the stages of double entry system?
how to get a job in stock markets for MBA-FINANCE?
have you ever been involved in an invoice dispute? How did you manage the problem?
What are the types of liabilities accounts?
What is royalty reserve?
What is departmental accounting? Give an example
What action could be taken by you and your manager to improve your performance in your current position?
we are a trading company providing devices and some times after sales service. when any defect came we just replace the hardware from another defective device and getting the payment from the customer. how can we account that? is there any tax implications for this?