Answer Posted / prasanna11149@yahoo.co.in

An accounting process used to compare two sets of records
to ensure the figures are in agreement and are accurate.
Reconciliation is the key process used to determine whether
the money leaving an account matches the amount spent,
ensuring that the two values are balanced at the end of the
recording period. At the end of every month it is a good
idea to reconcile your checkbook by comparing your receipts
with your bank statement. Among other advantages, this type
of account reconciliation makes it possible to determine
whether money is being fraudulently withdrawn from an
account.

The account a correspondent bank, usually U.S. or UK, holds
on behalf of a foreign bank. Also known as a loro account.

An account that a bank holds with a foreign bank.Nostro
accounts are usually in the currency of the foreign
country. This allows for easy cash management because
currency doesn't need to be converted.

What is the analytical way of accounting?

2374

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Under the accrual basis of accounting incomes are recognised at the time -------------------

2246

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What is 100% EOu? what is the benifit and what is difficulty of it?

2157

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i have need full detail of tds rules and forms submitted dovetails

2077

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Expand-------NABT

1881

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what is the subprime?explain it.

2305

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what is the global prameters why are you selecting for the negative posting period allowed, defalult value date,proposed fisal year

2620

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what is the difference between f.f.s and c.f.s?

2773

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distinguish between Bill of Exchange and Promissory Note

2402

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how an accountant can do budgetery controls of expenses?

2190

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Expand---------BPCD

2089

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what do you mean by accounting (or) why accounting ? ( generally we have to speak about our achivements and goals)

1869

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an amount deducted from the catalog price for an item of merchandise is called?

15293

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What is the Finalization of Accounts?

2325

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EXPAND___________NPO

1936

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