what is bank reconciliation?what is reconciliation of
account and what type of accounts maintain in colleges?
Answers were Sorted based on User's Feedback
Answer / barun
bank reconcilation is way to find out outstanding balance
for any A/c is match with the amount you spand these two
value must match at the end of transection.
confused......
ok
example-you have icici bank A/c-you deposit -rs 1000
next day you withdrawl 300
next day deposit 500
again next day withdrwl 1000
at the end of month outstanding balance=total(deposit)-total
(withdrowl)
i.e os balance=(1000+500)-(300+1000)=200
at the end of month bankers cheking the amount with bank
statment it is correct or not with your a/c.
ie is reconcilation.
Is This Answer Correct ? | 3 Yes | 1 No |
Answer / raju
BRS means comparing the balance between banks &
companys/offices to know the actual status of financial
condition as well as to know the balance available to the
a/c holder comparing to bank is whether correct or not..
Is This Answer Correct ? | 3 Yes | 1 No |
Answer / rahul dev
BRS means the valuation of Cash balance and pass book.
Is This Answer Correct ? | 0 Yes | 0 No |
How you classify bank Account?
1 Answers Satyaki Educational Academy,
definition of Accounts types of accounts debit and credit definition debit and credit rules accounting rules
We bought some machines from Singapore (capital goods), payment made in rupees. but the invoice value is mentioned as USD. 1. party ledger shows (debit side) amount in rupees. now i need to make purchase entry. 2. shall i want to convert USD to rupees? 3. if i do like that the party ledger will be differ.. 4. somebody pls tell me the way to make purchase entry.
what are the voucher entries for depreciation in tally and when?
How to make balance sheet, please advise me in details... Thankx
Outstanding bills entered under which groups in tally ?
Capital market
bill amount 30000 how to charge tds as sec 194c
Which accounting applications are your familiar with?
lic (life insurance corporation)how much he or she as to deduct income tax on his gross annual salary. please give with examples
PLZZZZZZZZZZZZ HELP ME FOR THE PREPARATION OF TEST JR.EXECUTIVE (ADMIN)IN ATM IAM APPEARED 1ST TIME IN THIS TEST MY TEST CENTER IS RAWALPINDI MY CONTACT NO IS 03338907330
suppose we received goods from H.O.The sisterconcern received it.wat will be the entries if tge S.C.sells it from here.