BY WHOME THE BANK RECONSILIATION STATEMENT IS PREPARED

Answer Posted / somesh

The bank Reconcilation statement is prepared by the
coustomer and not by the bank. It is prepared
periodically , usually at the end of every month.It enables
the customer to check the accuracy of the entries made in
cash book and pass book. it helps the customer to keep a
track of cheques sent to bank for collection but not
cleared and cheque issued but not presented for payment.
(friends this is correct answer.)

Is This Answer Correct ?    21 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is assessment? how many types of assessment will be there? and what is the documents and preparations for sales tax, service tax assessments??

1637


I AM APPLY FOR CLERICAL CADRE IN SBI. SO ANYONE SEND ME QUESTION WITH ANSWERS, WHICH ARE RELATED TO THAT JOB. MY EMAIL ID IS shawetasingh24@gmail.com

1739


Sales for ABC Company were Rs.150,000 for 2003.The beginning inventory was 30% of the cost of goods sold.The ending inventory was 50% of the beginning invetory.Selling expenses were 10% of sales and absorbed 30% sales.Income taxes were 30% of net income before taxes.

1741


what are valuation accounts?

1682


Received credit note for Rs 3500 towards transport charges on the goods supplied from Vinod traders. The transport charges were already paid at the time of delivery. Pass entries at the time of payment of transport and for credit note

1786






Please define Transaction Type , Movement Type , Asset Transaction Type , Item Type & Document type. Please also give examples of each of them

2269


Why we reconcile our debtors? what steps we taken during reconciliation.

1705


Iam selected for final round of interview in IDBI bank for asst. manager post. Can any one help me in knowing what kind of questions will be asked in the interview and how should i prepair?

1697


Expand----------CMST

1758


Please do tell me about the questions which are asked at BACS FINAL ROUND.

1804


what is purchase consideration?

1796


What is contract accounting?

1949


WHAT IS LIMITED REVIEW? WHY IT IS REQUIRE?

1774


How exchange rates are maintained in sap

1556


what is pre settlements and post settlements in Derivatives?

1759