Answer / lxmi1972

In Account Reconciliation, opening balance and closing will
be tied up by way of showing reconciling items.In the other
way,it cn also be said that the movement of transactions
for a particular months will be tied up with the closing
balance shown in GL.
However, Rollforward is nothing but the open items which
are carried over from the previous month(s)which need to be
analysed and set right. On the other hand, Open items are
the items which are found in the current reconciliation for
which the reason to be ascertained and resolved.

What is Capital reserve and Revenue reserve...? Any example would be highly appreciated.

5 Answers   SISA,

---

what do you mean by profit and loss appropriation account ? what is the use of preparing it?

1 Answers   Syntel,

---

Sales A/C belongs to which account type?

12 Answers   Chartered Accountant, OPI Global,

---

What is reserves

2 Answers   Sterlite,

---

accounting concepts

2 Answers   Siemens,

---

how to prepare balance sheet

8 Answers   Genpact,

---

Is it mandatory for the employees staff of a School, if so give details

0 Answers   TATA,

---

Asset A/c is a ............... (a) Personal a/c (b) Real a/c (c) Expense a/c (d) Personal or Real a/c

4 Answers  

---

How do we calculate the cost of investment?

0 Answers  

---

what is a grn in terms of accounting ? what is a grnthroughpo in terms of purchase order? what is a direct grn?

0 Answers   Emerson,

---

what is bank occ

2 Answers  

---

please give a journal entry for purchase order

1 Answers   Cap Gemini, IBM,

---