What is bank reconcilation a/c
- 6 Answers
- 10102 Views
- Accenture, Genpact, I also Faced
- E-Mail Answers
Answer Posted / viswanatha reddy
What happens here is withdrawls from the bank exceed
deposits. The lending institution, usually the bank, would
allow an extension of credit in such a case. The company is
usually expected to pay within short-term and it results in
negative balance in company's bank account. That is the
reason for the overdraft being classified as a current
liability.
| Is This Answer Correct ? | 1 Yes | 2 No |
Post New Answer View All Answers
hai everone,can anyone send me the accounting ,finance,general interview questions for mba freshers plz.....urjent
Tell me what is reversing journal entries?
What are the functions of manger -accounts and manager-finance? Explain in detail
how many times we can deposit the old currency in one a/c in the bank
Can anybody tell me the steps involved in Budgeting / Forecasting generally..?. Hints would be appreciated highly.
Payment Blocks . What is "A" and "R" Blocks in Account payables.. ??
my company taken a hdfc car loan rs.355493/= but bank received only 347345/= .after received the amount company purchase the car. after that regular emi paid to hdfc bank.
Tell me what is tally accounting?
Explain me where a cash discount should be recorded in journal entry?
give 3 reasons why capital is referred to as a special liability
what is the Differed Tax Liability & How it is calculate ?
Any body would tell me how to takeover withholding tax at the time of go live in sap fico
PROVIDENT FUND TO BE CALCULATED ON BASIC AFTER DEDUCTION OF ABSENTS (LOP)
Tell me how can you explain the basic accounting equation?
my interview is on tuesday so i just want to know everything about the interview like which type of question they will ask me as i completed m.com . please helm me plz plz
