which opening balance should be taken after bank reco.

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which opening balance should be taken after bank reco...

Answer / parvez ali

closing balance if get reco. our book balance afterthat our
opening balance

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which opening balance should be taken after bank reco...

Answer / vinod dhanawade

Previous days reconcile closing book balance.

Is This Answer Correct ?    0 Yes 1 No

which opening balance should be taken after bank reco...

Answer / gyanendra saxena

FOR BANK RECONCILIAION YOU CAN TAKE ANY OF THE BALANCES
EITHER BANK OR BOOKS, THIS IS RECONCILIATION STATMENT
BETWEEN BANK AND BOOKS.

THE MAIN PURPOSE TO FIND OUT THE DIFFRENCE BETWEEN BANK AND
BOOKS. AND FIND OUT THE REASON FOR VARIATION OF BOTH
BALANCES.

Is This Answer Correct ?    0 Yes 1 No

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The following figures relate to the trading activities of M/s ABC Traders Ltd for the year ending 31 March 2004. Particulars Amount (Rs) Sales 5,20,000 Opening stock 76,250 Purchases 3,22,250 Closing stock 98,500 Sales return 20,000 Selling and Distribution Expenses Salaries 15,300 Advertising 4,700 Travelling 2,000 Administrative Expenses Salaries 27,000 Rent 2,700 Stationery 2,500 Depreciation 9,300 Other charges 16,500 Provision for tax 4,000 Non Operating Income Dividend on shares 9,000 Profit on sales of shares 3,000 Non Operating Expenses Loss on sale of fixed asset 4,000 You are required to: (i) Arrange the above figures in a form suitable for analysis. (ii) Show separately the following ratios. Net profit ratio Operating ratio Stock turnover ratio

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