Answer / madhulika2011

A form that allows individuals to compare their personal bank account records to the bank's records of the individual's account balance in order to uncover any possible discrepancies.

Answer / swarupsinh jagadale

A bank reconciliation statemntis a statement prepared to
reconcile(explain)the difference between the balances as
shown by the bank A/c in a cash book and by the bank pass
book on a particular day.

Answer / shadab ali

Bank Reconciliation is the adjusting of the difference
between two items(e.g.,balances amounts,statements,or
accounts)so that the figures are in agreement.
Reasons:
1)Cheques deposited into bank but not recorded in the bank book.
2)Cheques issued but not presented in the bank.
3)Cheques deposited but not cleared.

Answer / santanu chakraborty

Bank Reconciliation statement is a statement prepared to
reconcile/match entries in a typical banking operation as
per industry levels. It is a typical way to match debit and
credit entries as per bank norms and can be classified in
accordance with pass book and cash book entries. the similar
concept applies over here.

Answer / p n lokesh

yes

Is depreciation on fixed asset a capital expenditure

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plz send me the apptitude question papers of wipro

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Dear Sir, In A Purchase Function Hw can we justify The rate given by the supplier, dealerrs & mfgs are actual rate. is there any parameter.hw can we find the actual rate of particular items.

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what is bank reconsillation statement?

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my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.

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How to prepare salary ? and what is ctc, Epf, etc...

3 Answers