which date is effected in books related bank recancilation
transaction date or value date?
Answer / gopal
value date is effected in bank reconciliation because
whenever passing an entry in the ledger value date is
considered and at the time of reconciliation transcation
date is not consider(e.g. in recociliation statement show
the items which are not transaction take place at bank.
for example : if a cheque of Rs 50 lacs issue on 23.02.2010
then the value date also 23.02.2010 and the transcation
date is 07.03.2010 at the Feb month end in reconciliation
statment will take as cheque issue but not presented in
bank yet with cheque value date, there is no need of
transaction date.)
| Is This Answer Correct ? | 1 Yes | 0 No |
How time sheets are maintained?
Capital secure should be shown in which side of the balance sheet?
What is Bank Reconciliation Statement? How to calliculate in tally erp9.0?
the following information wads extracted ffrom the book of a business man :debtors as on 31/12/1987 $25000 bad debts during 1987 $1000.provision for doubtful debts is to be maintained at 5%. a provision for discount is also at 2%. you are required to calculate the amount set aside in respect of provision for doubtful debts and provision for discounts on debtors respectively
Name three (3) fixed-income security types
Received intrest Rs.50 on advanve income-tax paid.
what is the different between Liability and owners equities ?
If salary paid per month Rs.60000/-I will deduct TDS from his salary per month
what is golden accounting rules
Where it will effect in the Balance sheet, Rs. 5000/- of Bad Dept ??
What is Amalgamation?
Tell us what inspired you to move to the next opportunity?