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what is bank reconcillation statment,balance sheet,thumb
rules of accounts,depreciation?
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Answer / mahendar kumar chaurasia
BAnk Reconciliation statment is prepared on a particular
date to reconcile the bank balance in the cash bookwith
balance as per pass book or bank statment for find out
deffirent between the cash book compare by bank .
balance sheet .
The balance sheet is a summary of the all over fanancial
year activity . by balance sheet we find out what is the
position of the business or a company. in balance sheet oll
over and all type assast is mantion and another side all
over and all type libilities is mantion. so we can say tha
balance sheet is a satatment which setsoyt the assets and
liabiliteis at a cetain moment .
dep.
Depreciation means a fall in the value of an assats because
of usage oe with passage of time or obsolescence ie
accident . every important asset looses its value once it
is put to use , .
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