Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

What is the purpose of preparing a bank reconciliation and
why is it necessary?

Answer Posted / rakesh

Fist of all this is necessary to identify the difference
between Account balance with Bank and Account balance
reflected in our books.

Further, this is necessary to find any unexpected charges
debited by bank or any amount received directly into our
account.

Is This Answer Correct ?    3 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Explain me what is general ledger account?

1150


X, PURCHASE HOUSE PROPERTY IN 2005, RS 400000,AND SALE IT IN2010, RS 1800000,IF X HANDICAP, AND IN 2008 MADE SENIOR CITIZON, HOW CALCULATE IT?

2005


AL+w button lanunches the .............. installed web brower

2082


Why is it necessary to prepare Asset Disposal Account?

1889


What steps would you take to locate the errors in case trial balance disagrees?

1040


what s account

2055


what is payment written

2034


Please let me know Under head of Sales Advance?

2008


what is tax deducted at source

2300


Can you differentiate public and private accounting?

1265


how to upload ledgers in excel or word document

1999


calculations of pf

3839


What entry to be passed for Duty draw back as receivable

1912


Ours is a technology firm. We got a contract of 1 lac. It is payable at the end of the contract. How you will recognize revenue?

1891


explain me what steps would you take to increase revenue for this company?

1006