What is bank reconciliation statement?

Answer Posted / md.azarath pasha

Bank Reconciliation statement is a statement prepared by a
customer of a bank showing the cause of disagreement between
the balance as per his cash book and pass book as on a
particular date.It is prepared to bring the cash book
balance in agreement with the balance as per pass book

Is This Answer Correct ?    7 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what are the disadvantages of back-flush accounting?

639


what is the right process for input credit of Service tax. and on which service i can take credit.

1389


our cheque to Arshad Khan was dishonored?

976


are tpt, freight & packing charges part of sales & purchase ??

1722


what is special purpose ledger in SAP.. is it required to configure in ECC 6.0 since New GL concept is active?

1608






what is the journal entry can be passed for an opening balance (bank, fixed asset, provisions)to the new software

1056


your company by machinary for Rs 3000000/-, what will be the maximum term lean avaible form bank?

1396


What was your most complicated sales cycle in past positions?

809


swagat staryed business on 1st jan 2005 with cash on hand Rs. 10000

1431


Explain which account is responsible for interest payable?

810


Definition of push down accounting

652


hi, this is shanthi kumar(M.Com). i would like to attend interview in genpact company.please send finance interview questions and interview details. thank u very much

1470


What is journal entry for salary paid less deductions (e.g. fines for breaking a company's property)?

1111


Accounting transactions are recorded in accordance with thier legal form or substance. Briefly explain the legal form and substance of the accounting transactions and give one relevant example.

1659


What is reversing journal entries?

615