what do you mean by Bank reconcilation statement

Answer Posted / parvathy.k

Bank Reconcilation statement means comparing with company
bank book with bank statements, whether any other bank
charges, deposited cheques are realised, payment to payee
cheques are debited correctly or any other entries passed by
bankers like interest, penalty charges etc,.cross check with
bank statements to correct our company bank book and to
confirm the balance.

Is This Answer Correct ?    160 Yes 6 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is the Finalization of Accounts?

1896


euro currency market

1577


what are the different causes for discrepencybetween the balance of cash book and pass book

1555


A company produces and sells 12500 units of Commodity X at Rs 50 each. The variable cost of the production is 20 % of selling price. Fixed cost being Rs 100000 per annum. Calculate the PV ratio and BEP if.  The selling price is reduced by 5 %.  Fixed cost is increased by 2 lacs

1511


EXPAND___________INMA

1606






post pscwb question and answer for accounting paper I & II for govt.officers departmental examination.

2285


Feature of Master letter of credit of Garments manufacturing company?

1531


to attend interview for real estate company accounts

1648


Expand---------DBPC

1810


Short Answer on __________Accrued interest

1498


3. You are required to show the effect of each of the following changes on profit and Break-Even-Volume from the information given below: Sales 50,000 units Rs. 5.00 per unit Variable cost Rs. 3.00 per unit Fixed cost Rs. 70,000 Changes: (i) Price changes by 20%. (ii) Volume decreases to 40,000 units. (iii) Variable cost increases to Rs 3.50 per unit. (iv) Fixed cost decreases by 10%.

1727


how we will prepare n file income tax returns for individuals?explain

1842


npa is either person or account

1605


Up to what time we can show TDS Receivables under Advance Income Tax A/c?

1630


What is the difference between Deffered Tax Assets & Deffered Tax Liabilities

1851