Interested to Buy Any Domain ? << Click Here >> for more details...
what do you mean by Bank reconcilation statement
- 29 Answers
- 59081 Views
- Accenture, BPO, Citi Bank, CitiGroup, DOC, Fullerton, Global Talent Track, Northern Trust, SGI, State Bank Of India SBI, I also Faced
- E-Mail Answers
Answer Posted / onkar sule
A bank reconciliation statement is a statement prepared by
a customer to explain the causes responsible for the
disagreement with the bank balance as shown by the cash
book and the bank balance shown by the pass book as on a
particular date. Many a times the balance as per the cash
book n that as per the bank book does not match because of
the reasons like time taken to clear a cheque etc. In order
to concile the balance between the two statements, a
statement called Bank reconciliation statement is prepared.
It ensures that no wrong entry is passed in either of the
two books. In other words a form that allows individual to
compare their personal bank account records to the bank
records of the individual account balance in order to
uncover any possible discrepancies.
| Is This Answer Correct ? | 15 Yes | 3 No |
Post New Answer View All Answers
give me only one transactions in both side (debit&credit) should be in real accounts
What is TDS entry for a Firm? as previous years TDS is shown as opening balance in the books of the firm in current year and i don,t want in C.Y as its claimed in the Computation of Previous Years???? So what is the A/C ing entry
why the closing stock is not considered in drawing trail balance.... Are there any other items like the above
AN ESTIMATE OF ASSETS AND LIABILITIES ON AGIVEN DATE
what is the difference between speculation & investment?
what is the main link between the income statement and the balance sheet?
CLASSIFY THE FOLLOWING INTO REAL,NOMINAL AND PERSONAL- 1.unpaid salaries a/c 2.arvind mills a/c 3.arvind mills shares a/c 4.prepaid rent a/c 5.fire insurance premium a/c 6.life insurance premium a/c 7.petty cash a/c 8.loan given a/c 9.interest received a/c 10.loan received a/c
WHEN IN ADJUST. GIVEN THAT THERE IS VALUE OF RS...., OBSOLESCENCE STOCK INCLUDED IN CLOSING STOCK RS.......,WHAT IS THE PROPER WAY TO SHOW IN INCOME STATEMENT AND POSITION STATEMENT.
Process of the settlement cycle?
I want to know with example of vat & Salestax
Paid office electricity charges Rs 15000/- and Ram partners residence electricity charges 1250 thr andhra bank cheque
I am Lavanya i have been selected in HR round in HP INVENT and i have Operation round as next round may i know what will they ask here and after this what is the next round?????
would gross expenditure vouch the correctness or otherwise of the given expenses?
Please send the clerical exam questions and answers to my mail Id pinky18.02.1985@gmail.com
Who is the maker of the promissory note
