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WHAT DO YOU MEAN BY BANK RECONCILIATION STATEMENT AND MIS
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Bank reconciliation statement is tallying of our bank book
(transactions made through bank)balances with the banker's
pass book.MIS(Management Information System) is the
preperation of reports of the firm for a particular period
(Receipts & payments A/c, BRS, and other reports). MIS
indicates the exact picture of what were happened in the
particular period. Bank Reconciliation statement also one
of the report in MIS. Thankyou.
| Is This Answer Correct ? | 20 Yes | 2 No |
Answer / moin
Bank reconciliation is the process of rectifying the errors or discrepancy which occurs due to the transfer of money from one book to other.
| Is This Answer Correct ? | 5 Yes | 3 No |
Answer / venkata subbaiah
bank reconciliation statement and mis report please send me
mail sir
| Is This Answer Correct ? | 6 Yes | 6 No |
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please answer this question.the following balances were extracted from the books of modern traders on 31st dec,2010.capital(85000)fixed assets(45000)stock1-1-2010(15000)sundry debtors(20600)productive exp(3300)reserves fund(6600)discount received(800)cash in hand(6200)drawing(5000)accomulated dep.(9000)purchases(82000)bad debts(400)unproductive exp.(27400)sundry creditors(9000)sales(120000)cash at bank(25500).adjustments.stock on 31-12-2010(15000).outstanding wages (5000) write-off (600)of further bad debts. create provision for bad & doubtful debts at {5%) on debtors.unproductive expenses includes anitem of prepaid insurance (100).provide depreciation on original cost of fixed assets @ (10%).
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