what is Reconciliation-NOSTRO,VOSTRO?
- 13 Answers
- 75470 Views
- ABC, ANZ, UBS, I also Faced
- E-Mail Answers
Answer Posted / pinkesh kansara
Nostro & Vostro both are latin word means our & yours
respectively.
In gerneral term,
Nostro is A/c you hold for another entity &
Vostro is A/c another entity holds for you.
Let understand it form bank or any AD point of view:
A nostro is our account of our money, hold by you &
A vostro is our account of your money, hold by us.
| Is This Answer Correct ? | 19 Yes | 5 No |
Post New Answer View All Answers
What is the Purpose of Preparing Bank Reconciliation Statement?
describe the most complex challenge that you have faced and how you managed it
how history is helpful for banking?
discounted our own note 60-18% for 4,500 note. the proceeds will be directly credited to bank account. what is the entry of this?
Could u show me the sample TDS Document / Template
If i have a company in India doing purchase from Shrilanka, If i buy in Shrilankan local currency and make the payments in Indian Currency At the end of year how shall i settle the difference Exchange money in Books of Accounts.
Who is called consignor
example of aptitude ns
what is joint venture?
OUR BOOKS & ITR MISMATCH FOR RS.15000/- ON ACCOUNTS OF TDS ON RECIEPTS FY-09-10 . KINDY GIVE CORRECTION ENTRY TO MATCH THE BOOKS WITHI ITR. DEVENDRASINGH086@GMAIL.COM
how to solved the shares qusionas ?
intorduse your self ? what to say if iam fresher.
do we have to learn all the shortcutkeys in tally.i am from non commerce background ,where should i start from.
Short Answer on _____________Accident Insurance
Paid office electricity charges Rs 15000/- and Ram partners residence electricity charges 1250 thr andhra bank cheque
