what reconsaleshan
Answers were Sorted based on User's Feedback
Answer / chinnu
Reconsilation means the company will doing all transactions
with banks. all bank transctions and bank transactions are
showing samely. if does'nt show samely the company will
reconsil the difference amount.
Is This Answer Correct ? | 24 Yes | 8 No |
Answer / sanashimin
is the process of preparing a reconciled statement by
comparing the pass book balance and cash book balance on a
particular date . this may be prepared for the purpose of
final accounts,or auditing etc.
Is This Answer Correct ? | 19 Yes | 3 No |
Answer / sendil
Reconciliation means finding out the difference between the
two books and makes some entry to action further.
Is This Answer Correct ? | 6 Yes | 1 No |
Bank reconciliation statement is a list in which various items
that contains a balance as per cash book and pass book on
any given date incurred.
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / kiran
reconciliation means find the errors between pass book and
cash book,and makes some entry to action further.
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / ramanathan s
Reconciliation means any type of comparison of statements and arrival of differences if any.
examples:-
1. bank pass book with our account book - Bank Reconciliation
2. Party's account with our Account - Party's Reconciliation
3. HO accounts with branch accounts - Inter branch reconciliation
like that...
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / azam
bank reconciliation staement main objective is to find out
the differences between pass book balances and cash book
balances for that purpose we will pass a necessary adjusted
enteries in oerder to reconcile it
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / naveen meharshi
Reconciliation is a process of comparing and matching figure from the accounting record against those which is shown in the bank statement
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / guest
all bank transctions and bank transactions are
showing samely. if does'nt show samely the company will
reconsil the difference amount.
Is This Answer Correct ? | 0 Yes | 1 No |
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