Interested to Buy Any Domain ? << Click Here >> for more details...
What is bank reconciliation ?
- 8 Answers
- 11002 Views
- Genpact, Infosys, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Bank reconciliation is a statement, perpared by an
organisation to reconcile the cash at bank in its own
records with the particuler bank statement on a particular
period.itis made at the end of the month.mainly the
diffrences between the two records on a particular period
may be arise due to the following:
1 cheques drawn but not yet presented in the bank.
2 cheques received but not yet deposited in the bank.
3 bank charges debited but not recorded in the
organisation's books.
4 interest credited but not recorded in the books of
organisation's books.
| Is This Answer Correct ? | 18 Yes | 0 No |
Answer / rasheed
IT is a statement which is prepared by a Trader..to find the
difference between cash book and passbook......
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / thiyaguhih
So many Reasons for difference between the company books and Bank passbook, Hence we make reconcile both of books.
| Is This Answer Correct ? | 2 Yes | 2 No |
Answer / tushar
bank reconciliation is statement not a ledger .it's showing the cause of difference in the balance of bank as per cash book and balance as per passbook for particular time or on particular date
| Is This Answer Correct ? | 0 Yes | 0 No |
what is deffered revenue expenses and what is amortization expenses?
what is repo market?
what is the difference between cash flow and funds flow
what is revaluation of assets and liabilities?
Expand ------PUC
Rent Paid Rs.12000/- (which is included for the whole year i.e Jan to Dec) and they have asked me to give Journal Entry for the Entry for the Month of Jan, Feb and March
34 Answers Accenture, Genpact, Mercer,
What is the entry posted for GRN (Goods received Note)? If the stock received from the party what entry have to post in books? And in which a/c it has been hit?
which comes share, asset side or liabilities side?
what is a zip file
What is Income Statement ?
PLEASE GIVE ME THE LIST OF ACCOUNT TYPES AND THEIR HEADS RESPECTIVELY.
Where we have to take the Director's current account, wages a/c, Accruals, sales tax payable in Balancesheet
Audit 
