Is bank reconcilation necessary for any organization ?
If yes, when should that performed ?
Answer Posted / sakthi arunarm
yes it is very important because without bank reconcialation
accounts can not be closed. with the help of the bank statement only our account is corrected by correct data due to some delay of work. then only BRS is correct
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
central excise all question
i am working in a company as wholesale in saudi arabia.i am one of the new.we are supplying to some hyper market. they will issue the money as cheque and they will send the cheque amount and invoice details also.then how can i reconcile our statement with use of that cheque details
Tell me that how I can evaluate the internal control audit?
How to reconcile GST Tally and GST Portal ?
What is statutory audit?
Explain the different advantages and disadvantages of internal audit?
Do you know what are the reasons for getting audited?
How will you calculate impairment of assets of a software company?what is the necessary steps briefly describe?
What are the different types of audits?
What are the essential of internal audit?
A company charity (gross income 250k) wishes to take advantage of the audit exemption regime. However, there is an audit provision in the company's Articles. Should they be required to change the Articles?
What is an internal audit and what is the role of internal audit?
What is vouching?
what is the accounting treatment on Putoption over own shares.?
Why does a systems auditor need to use professional judgement when selecting audit procedures?