What are the main Reconciling entries in Bank
Reconciliation?
Answers were Sorted based on User's Feedback
Answer / aasritha
The main reconciling entries in bank reconciliation are
following.
1. Cheques issued but not presented for payment
2. cheques paid into the bank but not yet cleared.
3. Interest allowed by the bank.
4. Interest and bank charges debited by bank.
5. Interest, dividend etc. collect by bank.
6. Direct payment by the bank.
7. Direct payment into the bank by a customer.
8. Dishonour of bill discounted with the bank.
ankith
Is This Answer Correct ? | 27 Yes | 0 No |
Answer / smitha
Balance as on 31/03/2010 Rs.
Add Chq issued but not presented for payment Rs.
Add Payment credited by bank but not accounted Rs.
Less Chq deposited but not cleared Rs.
Less Payment debited by bank but not accounted Rs.
(a) Total Rs.
Actual balance as per bank pass book (B) Rs.
Diff (A-B) Rs.
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / shi
ALSO ADD (DEPOSITS IN TRANSIT)
to the List prensented
Is This Answer Correct ? | 0 Yes | 0 No |
Short Answer on ________Preferential Creditor
what is bpo what which type process going on this bpo
whether cash book is a subsidiary book?
Define Drawee
What is the difference between income statement & Profit&loss A/c?
how we could adj. the entries of prop. & firm in merging time
what is composition vat
What is LC (Letter of Credit)..?
Define bank Overdraft
Expand B E S
If someone knows about the test pattern of Junior executive accounts than please share.
0 Answers Pakistan Atomic Energy Commission PAEC,
What are the two motives of business?