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What is the real purpose of "Bank Sub GL" ? Can i post my
all payment through "Bank Main GL a/c" insteadof using "SUB
GL"?
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Answer Posted / anand raichura
The real purpose of bank sub GL is to reconcile your bank
GLaccount with account maintained by bank. The Bank Sub GL
is used to cover the gap between cheque depositing and
clearing.
You can post directly to house bank but it will not follow
the process based system terminology. So it is always
advisable to us bank sub gl.
regards,
Anand Raichura
| Is This Answer Correct ? | 9 Yes | 0 No |
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