Is bank reconcilation necessary for any organization ?
If yes, when should that performed ?
- 4 Answers
- 4982 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / prasad s
yes it is very important because without bank reconcialation
accounts can not be closed. so the reason we have to take
the bank statement from banks and ready to bank
reconcialation and what ever the balance in your bank book
balance and the bank statement should match each other. then
only BRS is correct.
| Is This Answer Correct ? | 13 Yes | 0 No |
Answer / sakthi arunarm
yes it is very important because without bank reconcialation
accounts can not be closed. with the help of the bank statement only our account is corrected by correct data due to some delay of work. then only BRS is correct
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / monika khandelwal
yes
bank reconciliation is very important for every
organization..because its helpful in verify cash & bank
balance..it should be done on monthly basis..without the
reconcile your bank balance, your final accounts is not
correctly presented...
| Is This Answer Correct ? | 0 Yes | 0 No |
Expand---------PRB
What is the meaning of ADVANCE TAX, TDS Deducted and PREPAID Taxes ?
what is Form H?
what is auditing?
What is an internal audit?
duties of auditor
Hi, We want to know about Balance Sheet, and what is main need for preparation of B/s
1 Answers Bank Of America, Bank Of India,
i am working in a company as wholesale in saudi arabia.i am one of the new.we are supplying to some hyper market. they will issue the money as cheque and they will send the cheque amount and invoice details also.then how can i reconcile our statement with use of that cheque details
What is the role of Internal Auditor?
What is fictitious assets?
what is a balance sheet
11 Answers Cognizant, State Bank Of India SBI,
Classify the following accounts into Personal Account, Real Account & Nominal Account. Questions Answers 1. Furniture Account 2. Salaries Account 3. Outstanding Wages Account 4. National Trading Co. Ltd’s Account 5. Stationery Account 6. Prepaid Insurance Account 7. Capital Account 8. Interest Account 9. Building Account 10. Purchase Account 11. Cash Account 12. Bank Account 13. Sales Account 14. Commission received in Advance Account 15. Discount Account 16. Drawing Account 17. Loan Account 18. Mysore Store’s Account 19. Repairs to Machinery Account 20. Stock Account 21. Investment Account 22. Loose Tools Account 23. Bangalore Sports Club’s Account 24. Loss of Goods by Fire Account 25. Motor Vans Account 26. International Trader’s Account 27. Goodwill Account 28. Depreciation Account 29. Bad Debts Account 30. Bad Debts Recovered Account 31. Bank Overdraft Account 32. Book Debts Account 33. Purchases Returns Account 34. Sales Returns Account 35. Postage Account 36. Charity Account 37. Carriage Account 38. Rent Account 39. National College’s Account 40. Bills receivable Account 41. Bills Payable Account
12 Answers Bisleri, Income Tax,
Audit 
