What is the Purpose of Preparing Bank Reconciliation
Statement?
Answer Posted / anix
IT IS A STATEMENT TO SHOW THE CAUSES OF DIFFERNCE B/W
BALANCE AS PER PASS BOOK AND AS PER CASH BOOK..
THE FOLLOWING ARE SOME REASONS CAUSING DISAGREMENT OF
BALANCES
1.CHEQUE ISSUED BUT NOT PRESENTED
2.CHEQUE DEPOSITED BUT NOT CLEARED
3.MONEY DEPOSITED BY A CUSTOMER DIRECTLY TO THE BANK..
| Is This Answer Correct ? | 5 Yes | 2 No |
Post New Answer View All Answers
What is the importance of accounting standards?
can any body tell me the procedure to learn accountancy with easy tips.i.e., layman accounting policy and rules of debit and credit.
A and V enter into a joint venture to sell a consignment of biscuits sharing profits and losses equally. A provides biscuits from stock Rs 10000. He pays expenses amounting to Rs 1000. V incurs further expenses on carriage Rs 1000. He receives cash for sales Rs 15000. He also takes over goods to the value of Rs 2000. The profit on joint venture is 7 (a) Rs.3000 (b) Rs.5000 (c) Rs.6000 (d) Rs.3500
how to pass provision salary full and settlement(inclusive Bonus,Gratutity etc )please show me entry
What other careers are you considering?
what are the limitations of accounting ratios?
What is account receivable?
When Tds is applicable to deduct and wht is rate for different work panel?
The claim recoverable has been settled with the insurance company for 2000.what is the actual stock lost value? Please give me in calculation.
what is the relationship between bookkeeping and accounting?
cost of lease=20,000.refundable deposits 2000 (after 4 years).annuity value for 4 years @5% is .2820.find the net charge to p&l a/c
simply define shares and debentures
paid vendor to RS 15000 and incentives of RS.5000 and deducted Rs.3000 as penalty so finally paid to vendor is Rs.17000. please let me know the journal entry for this.
What we have to post entry for payroll processing ? (Indian payroll)
List out the stages of double entry system?