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
|Is This Answer Correct ?||1 Yes||0 No|
what is account reconcillation
Dear sir , 1-what is diffrence local tax & vat 2 -what is sales tax. tds. service tax challan & return due date(monthly & quartly, annually) 3- what is deprecation rate in company act 4-what is income tax latest limit-
What is cash profit
All Interview related Questions pertaining to General Ledger,Finance & Accounts.
What is BANK MSOD How to Prepare Bank MSOD.
what will be the entry for recivables at 31 st march and if they are paid after 1 month then what is the entry
what are the limitations of accounting conventions
What does mean is Profit & Loss Account Shows Debit Balance in Trail Balance ?
main features of different sources of short-term finance ?
The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.
If we purchase machinery from gujarat ie from cst supplier & we have to give them 'c' form what should be the entry for the same.
Dear sir, In tally what is list of cost centres? and what is the list of cost categories?