Interested to Buy Any Domain ? << Click Here >> for more details...
What is bank reconcilation a/c
- 6 Answers
- 12394 Views
- Accenture, Genpact, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / sangeethag
Bank reconcilation is comparison of cash book and bank stmt
to tally our balance with bank stmt. bank charges and
interest we have to record in our book to match the bank
stmt.
| Is This Answer Correct ? | 20 Yes | 2 No |
Bank reconcilation statemet is statement it reconciles the
bank balance in the book of organisation with bank
statement. It prepares depent on accounting department.
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / rosecindrella
A BRS IS DEFINED AS A STATEMENT OF PREPARD BY PERIODIC
INTERVAL.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / prem
Bank reconciliation is matching of bank statement and firm's bank balance.
Ex.-- If bank statement bal. Is 49000/-(dr.)In 31st march and if our check given in 31st march rs. 7000/- to any party so our balance should be 56000/- in our account as on 31st march,because 31st march dated check will be cleared in aprl.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / viswanatha reddy
What happens here is withdrawls from the bank exceed
deposits. The lending institution, usually the bank, would
allow an extension of credit in such a case. The company is
usually expected to pay within short-term and it results in
negative balance in company's bank account. That is the
reason for the overdraft being classified as a current
liability.
| Is This Answer Correct ? | 1 Yes | 2 No |
Answer / viswanatha reddy
What happens here is withdrawls from the bank exceed
deposits. The lending institution, usually the bank, would
allow an extension of credit in such a case. The company is
usually expected to pay within short-term and it results in
negative balance in company's bank account. That is the
reason for the overdraft being classified as a current
liability.
| Is This Answer Correct ? | 2 Yes | 8 No |
My Brother is running a small business of Window glasses & Mirror etc. He needs Bank Loan (CC/OD Limit)against current account. So, I need a project report to apply CC Limit. Please Help me. My EMAIL ID is :- savichawla_1703@yahoo.co.in Kindly send the report to above ID ASAP. Thanks & Warm Regards Sarvpreet +919888669523
dear i want basic a\C's oriented question. these are asking in mostly all mnc companies
how to do asset appreciation in sap?
As an importer of goods through letter of credit, (payment is done through indian bank to foreign back), my question is who is liable to pay with holding tax when the payment is remitted to foreign bank, whether the buyer(importer) or the seller and why?
I have a doubt in tally,if a customer purchase our product on cash or sometimes credit,under which head i need to make the customer ledger.?
what is professional tax slab rate ?
wt is a/c
Tell me do you think accounting standards are mandatory and why?
Inflation
Hi Guys. Does anyone know any practising cost accountant in hyderabad? Pls help me. I would like to gain some practical experinence. Salary not an issue. Pls help me guys.
What are three sectors of Economy?
Expand ctc cheque?
Audit 
