Interested to Buy Any Domain ? << Click Here >> for more details...
What is bank reconcilation a/c
- 6 Answers
- 11916 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 |
How do you handle rejection?
What are document required by the bank to make payment for debit memo (Import). if we have allready made payment for orignal bill.
what are the different types of expenditures considered for the purpose of accounting?
golden rules of accounting
I m working in NGO. we have taken loan from a person or other project in march and returned in may. So what are the entries in tally should be. what are the ledgers to be created and under which group? what are the journal entries?
What are the differences between contrast bookkeeping and accounting
What is an accounting transaction?
Limited liability ?
What is holding company?
what is private equity?
Can i put opening stock in new company during closing time
explain vat breifly
Audit 
