What is the purpose of a bank reconciliation statement?
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Answer / dayakar
The main purpose is to check out the reasons why the bank
statement and the bank balance in our cash book is not tallied
| Is This Answer Correct ? | 10 Yes | 2 No |
Answer / suburam
Bank reconciliation statement is a statement.
To find out the difference of the balances between Bank
column cash book and Cash column of bank book.
| Is This Answer Correct ? | 6 Yes | 0 No |
This prepare mainly end of every month or year ending how
much amount have in our A/c .Becoz decided to drawing or
deposit.further uses guide -> BRS.
| Is This Answer Correct ? | 1 Yes | 8 No |
Zee Ltd. uses material—A for the production of Product M. The safety stock of material A is 300 units; the supplier quotes a delivery delay of two or three weeks. If the company uses 500 to 800 units a week according to the activity levels, the re–order level of material–A will be A. 2300 units; B. 2400 units; C. 2700 units; D. 28 units.
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