which date is effected in books related bank reconciliation
transaction date or value date?
Answers were Sorted based on User's Feedback
Answer / abdullah amer
The Bank reconcilition transction is prepare to no the
balance of cash book with that of pass book to find the
balance with the bank. The transction is effected no the
same date of the accounts books which issued on the date.
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / shafeeque ahmed
bank pass book date or bank statement date
| Is This Answer Correct ? | 6 Yes | 2 No |
Answer / nagu
Value date only effected in bank reconciliation statement.
| Is This Answer Correct ? | 4 Yes | 2 No |
under the modified cash basis of accounting, most revenues and expenses are recognized on the cash basis. Which one of the following items is an EXCEPTION to this accounting practice? a.Advertising b.Professional Fees. c.Supplies d.Rent
A and V enter into a joint venture to sell a consignment of biscuits sharing profits and losses equally. A provides biscuits from stock Rs 10000. He pays expenses amounting to Rs 1000. V incurs further expenses on carriage Rs 1000. He receives cash for sales Rs 15000. He also takes over goods to the value of Rs 2000. The profit on joint venture is 7 (a) Rs.3000 (b) Rs.5000 (c) Rs.6000 (d) Rs.3500
In accounting, how do you define the premises?
Can we Put "TAX INVOICE" in the sale in Transit (E1) Invoice.
6. Your grandfather is 75 years old. He has total savings of Rs.80,000. He expects that he live for another 10 years and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occurring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?
Define overhead in terms of accounting?
goods with drawn by proprietor for household expenses
vat comes in what type of head in golden rules procedure
What is the type of principal for CLOSING STOCK. and why we show closing stock two time that is once in trading account and another time in assets. if closing stock is Real account than what about showing in trading account as we dont show real account type in trading account. thanks
how to strong my account for long time?
What is meant by daily accrual and booking?
Is buy or sale trade will impact on Nov? Yes/No Please explain.