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what is Bank Reconciliation?
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Answer / pravin kamble
Bank reconciliation means
1)To reconcile the bank statement with our books of account
for the period agreed.
2)Match the entries posted in our book with the Bank
statement.
3)Highligh / segreegate the unmatched entries.
4)Find out the reason for unmateched entries.
5)Pass the correction entries in our books or if required
communicate to bank to rectify it.
6)Find out the timming difference.
For any more clarification mail to me on
pravin.kamble425@gmail.com
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / akshay
Bank Reconciliation is Reconcille or maching entries in our
book or transactions made by us through bank. after that we
can confirm bank transactions. please revert on
kshy_joshi@yahoo.com if wrong something.
| Is This Answer Correct ? | 1 Yes | 0 No |
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