Interested to Buy Any Domain ? << Click Here >> for more details...
how the bank reconciliation should be done in practical
environment , and also using tally 7.2 , please explain it
with exaples if possible
- 3 Answers
- 11305 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Bank Reconciliation is a statement for showing the
differences between Cash Book and Pass book balance. In
practical environment process begins with obtain Bank
Statement from bank for current account of a particular
business for a particular period. During the period cash
book (i.e. all transactions of Bank) balance gives a
different balance then we have to prepare a statement for
that differences’.
First we have taken cash book balance :
Observe all Debit transactions should come Credit side of
Bank Pass book at the same time all Credit transactions
should effect in Debit side of Pass book. If any
transactions not effected, list of them.
ADD: (+) Transactions not effected of the following
transactions :-
Cash book debited but not credited in pass book, Pass book
credited but not debited in cash book.
LESS: (-) Transactions not effected –
Pass book debited but not credited in Cash book, Cash book
credited but not debited in Pass book.
Nett Balance should tally with Pass book balance.
| Is This Answer Correct ? | 17 Yes | 5 No |
Answer / ram chandra dubey
Answer
# 1
Bank Reconciliation is a statement for showing the
differences between Cash Book and Pass book balance. In
practical environment process begins with obtain Bank
Statement from bank for current account of a particular
business for a particular period. During the period cash
book (i.e. all transactions of Bank) balance gives a
different balance then we have to prepare a statement for
that differences’.
First we have taken cash book balance :
Observe all Debit transactions should come Credit side of
Bank Pass book at the same time all Credit transactions
should effect in Debit side of Pass book. If any
transactions not effected, list of them.
ADD: (+) Transactions not effected of the following
transactions :-
Cash book debited but not credited in pass book, Pass book
credited but not debited in cash book.
LESS: (-) Transactions not effected –
Pass book debited but not credited in Cash book, Cash book
credited but not debited in Pass book.
Nett Balance should tally with Pass book balance.
| Is This Answer Correct ? | 7 Yes | 2 No |
Answer / asif
while doing reconciliation of bank statement in tally 7.2,
how to find various cheque nos. by any seach option? I want
to find specific cheque no. from reconiliation window,
which is appeared by pressing F5. Reply may be sent
urgently.
Thanking U
| Is This Answer Correct ? | 6 Yes | 3 No |
Why you consider yourself suitable for the position applied for?
2 Answers Actaris Industries, Bajaj, BH, Infosys, MRF,
What are the types of MUTUAL FUNDS?
EXPAND___________NTF
Supposed we raised the Bill to the party last year. Next year party refused to pay the bill. Now I want write off the ledger of that party. How i make journal entry?
Received an order from Babu for the supply of goods Rs.200/-. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?
What is EBITDA
• What is BRS, with an example?
7 Answers Accenture, College School Exams Tests, Genpact, Intelenet, Mellon,
How does the profit is affected by the loan.
what is share capital
Expand-------NABT
With scan-based trading, are retail companies creating inventory at the point of sale or recording income/expense?
Who can issue form H, & why it is required?
Audit 
