Answer / lavsingh

What Does Bank Reconciliation Statement Mean?
A form that allows individuals to compare their personal
bank account records to the bank's records of the
individual's account balance in order to uncover any
possible discrepancies. Investopedia explains Bank
Reconciliation Statement
Since there are timing differences between when data is
entered in the banks systems and when data is entered in
the individual's system, there is sometimes a normal
discrepancy between account balances. The goal of
reconciliation is to determine if the discrepancy is due to
error rather than timing.

what do you mean by accrual & due ? What is the difference between Accrual & due?

4 Answers   Genpact, HCL,

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process for creating a balance sheet

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: can anyone tell me rates of TDS for payment of contract, consultancy, advertizing, statioenry, salary, professional charges, technical fees, & honorarium for the financial year 2010-11

2 Answers   Reliance,

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Your grandfather is 75 years old. He has total savings of Rs.80,000. He expects that he live for another 10 years and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occurring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?

4 Answers  

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what is contribution? how does it help in taking managerial decisions?

0 Answers  

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What is the type of principal for CLOSING STOCK. and why we show closing stock two time that is once in trading account and another time in assets. if closing stock is Real account than what about showing in trading account as we dont show real account type in trading account. thanks

6 Answers   DuPont,

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How does accounting contribute to the community?

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Cheque in hand is current asset or fixed asset...?

3 Answers   VKS,

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goods sold to mr x of rs5000/-,out of that we give him discount allowed of rs 500/-,and we take setting charges of rs1000/-.so what will be the entry?

6 Answers  

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I need to know when you buy a asset on credit and your monthly instalment is $10000 in the books where and how do you record the outstanding liability the interest and the capital instalments.Secondly the deposit that you receive which you should still send back to the tenat where in the books do you record for entry and the contra entry.

1 Answers  

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when cheque deposited into bank for collection and that is not cleared yet what is the entry for it?

1 Answers  

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what is the meaning of rates in(rent,rates and tax) what is the meaning of contribution in margin of safety. what is the equity? and what single entry system? i want heavy explanation regarding these questions. thank you in advance reply soon bye!

2 Answers   College School Exams Tests,

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