Answer / ammabali

Bank reconcilation is a statement prepared to reconcile the
bank balance of cash book as per the bank balance as per
pass book.

Answer / pravin

Bank Reconcilation meanse to reconcile the agreement what
the company & bank had in between them. If bank had charged
some extra amount to company which is not as per the
agreement, reconcilation helps to identify that charges &
accordingly we do the adjustments in either our books or
inform bank to rectify at there end.

AT THE TIME OF REDEMPTION OF DEBENTURES. WHEN THERE IS PROFIT/LOSS ON SALE OF DEBENTURES WE TRANSFER THAT AMOUNT IN PROFIT AND LOSS A/C BUT WHEN WE CANCEL OUR DEBENTURES AFTER BUYING IT FROM OPEN MARKET THE DIFFERENCE BETWEEN MARKET VALUE AND COST OF DEBENTURES TRANSFER TO "CAPITAL RESERVE ACCOUNT .. WHY SO ANY PRACTICAL ANSWER ??

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Expand C C A

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GAP Stand for

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how to create the trading a/c, profit & loss a/c & Balance sheet & What do u mean by bank reconcilation

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