What is the purpose of preparing a bank reconciliation and
why is it necessary?
Answer Posted / gaurav bhardwaj
Ya it is necessary of preparing bank reconciliation is the use
of match balance of bank
Is This Answer Correct ? | 4 Yes | 1 No |
Post New Answer View All Answers
Where do generally accruals appear on the balance sheet?
Why an Expenditure is called Differed?
on 02/05/2013 issued a cheque to third eye ltd of Rs.14000/- in full and final settlement against the due on amount
WHAT IS CORE ACCOUNTING, GROUP CONSOLIDATION ? CONSOLIDATED ENTRY. COULD YOU GIVE ME AN EXAMPLE
What is invoice processing can u explain it?
What is departmental accounting? Give an example
Tell us do you have any professional experience of this field?
What are control ledgers?
can any one tell what is the selection proces in cognizant for MBA finance
Do you know what is the importance of team work in this position?
How do you handle rejection?
pass journal entry for Prepaid insurance
What are the 4 phases accounting?
Explain financial accounting.
Trial balance as on 31st March, 2014 Particulars Debit Pula Particulars Credit Pula Wages 14 100 Dividends received 4 300 Salaries 13 000 Bank overdraft 41 000 Opening Stock 40 000 Returns 1 000 Machinery 49 000 Creditors 14 200 Investments 30 700 Sales 258 500 Drawings 23 000 Capital 30 000 Purchases 130 000 Returns 2 000 Debtors 18 000 Advertising 13 400 Interest 4 800 Cash 11 000 349 000 ======= 349 000 ======== Additional information: 1. Closing stock is valued at P53 000. 2. Wages include P350 being advance against wages. 3. Wages include P1 000 paid for erection of machinery. 4. A purchase of stationery for P430 has been inadvertently included in the Purchases account. 5. A sale of investments with a book value of P2 600 for P2 500 has been included in the Sales Account. 6. Salaries include P150 per month paid to the proprietor’s domestic servant. 7. Machinery is to be depreciated by 10 per cent. Required: a. The revenue statement (Trading and Profit and Loss Account) for the year ended 31st March 2014 and b. Statement of financial position (Balance Sheet) as on 31st March, 2014.