what is bank reconciliation statement

Answer Posted / richard maina

It is the statement prepared to reconcile the differences
between bank column in cashbook and bank column in
statement prepared by bank relating to a particular period
in time.

Is This Answer Correct ?    2 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Harpithas due Rs 55000 was settled infull by taking Haris due Rs 12500 in adjustment Pass necessary entry

1624


What is 100% EOu? what is the benifit and what is difficulty of it?

1686


what is budgetory control and what are the types

1935


In SAP FICO How many ways we are Procuring the assets in the Company?

2165


Explain howyou would account for the following items/situations,justifying answers by reference to the conceptual frameworks defintion and rcognition criteria. a)A trinket of sentimental value only b)You are the guarantor for your friends bank loan i) You have no reason to belive that your friend will default on the loan ii) As your friend is in serious financial dificulties,you think it is likely that he will default on the loan c)You receive 1000 shares in X Ltd,trading at $4 each,as a gift from a grateful client. d)The panoramic view of the coast from your cafes windows,which you are convinced attracts customers to your cafe

3220






what is the meaning of call in arear

1989


What is the working formula for Working Capital Turnover

1660


The Analysis of flow of funds through an organization can be very useful to the managment. Elucidate

2047


CLASSIFY THE FOLLOWING INTO REAL,NOMINAL AND PERSONAL- 1.unpaid salaries a/c 2.arvind mills a/c 3.arvind mills shares a/c 4.prepaid rent a/c 5.fire insurance premium a/c 6.life insurance premium a/c 7.petty cash a/c 8.loan given a/c 9.interest received a/c 10.loan received a/c

1029


what is the nature of bill receivable and consignmenta/c

1991


When is the profession tax applicable? Is there a liability on the employer to pay PT? What is the amt of PT in case salary exceed Rs. 10,000/- pm

1690


Queries for Big4 Articleship : Whether son of CA in practice effects chances.

6512


I work in a semi govt society. We purchased a flag for celebrating independence day in office premises . Plz tell me under what head / ledger of exp it comes

1038


how enter service bill in the tally and what is the process of service bill. aganst service charge @ 10.3%, sercharge 2% cess 1%

2118


fridge was capital or revenue?

1788