what is Reconciliation-NOSTRO,VOSTRO?

Answer Posted / sri

prasanna, if you want to know about the nostro & vostro
account follow the link given below.

http://en.wikipedia.org/wiki/Nostro_and_Vostro_Account

One Bank's statement describe about all credit & debit
transactions maa.

I think you are not understand the term "RECONCILIATION"
You are not included the important points.

Is This Answer Correct ?    19 Yes 22 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

i need sbi bank clerk exam model question papers

1932


why would you like to opt nbp

1540


Is advance paid wages has credit balance?

1092


What is difference between cash flow and funds flow?

1700


What is Provision for expenses?

1793






If in a PO, the freight condition is mentioned as Air freight and the material is actually received by Road, how does the system check before making the necessary accounting entries?

1605


Who is called consignor

1489


where we have file E-returns in SAP FICO-CIN/Wtax?

2204


How to dived the persons AOP, AJP, BODY OF INDIVIDUALS,HUF,COMPANY-NON RESIDENT, COMPANY RESIDENT LOCLA AUTHORITY,PARTNERSHIP FIRM(meaning)

2290


can i have practical examples of AS-30

1949


How to maintain Purchase Orders ? Please explain by proper format.

1804


What are the major responsibility's of an accountant? what are the qualities he /she requires?

1626


You are given the following information in respect of a company: Fixed cost –Rs.13,000 Variable cost –Rs.14,000 Net profit –Rs.3,000 Net sales-Rs.30,000 Find out: a>BEP b>The profit for sales volume of Rs.50,000 c>The volume of sales to make a profit of Rs.10,000

1481


loss of pay for a employee when he is not having single leave bal. in his account that time what is the calculation 2) what exactly the days to be considered i.e. 26 days or 27 days i.e. to arrive at salary per day what exactly the days to be divid

1626


what type of questions are asking for fund administration???

5034