What are the main Reconciling entries in Bank
Reconciliation?
Answer Posted / 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 |
Post New Answer View All Answers
Interest earned on investments is an__________
all of interview question about coop bank of oromia
let me know the meaning and Nature of cash
what is monetary polasy and how it is different from trade polacy? how it will impact on stockmarkets in India?
I customized the tax procedures, after posting normal g&l (f-02), i got an error, error is complete lineitem display, its popup error message num, how can i find the message error, whats the t-code
how u can control stock movments....like issuing raw materials receiving...in practical way..basically in ,y org we r using bin cards,barcodes etc but somehow need more concentration... help me frds..
Debit Note & Credit Note?
Whether setting up of diary plants comes under CMA under Farm Sector or Non Farm Sector
Who will be called as consignee
A specially designed interview book on interviews for accounting Jobs . Pl send your mail addresses for despatch
ACCOUNTING STANDARDS ISSUED BY INSTITUE OF CHARTERED ACCOUNTANCY INDIA FOR PREPARING FUND FLOW STATEMENT
hdn Systems Pvt. Ltd., manufactures a consumer durable which passes through two processes M and N. From the following details prepare necessary process ledger accounts bringing out clearly the cost of the product at each stage. Process ‘M’ Process ‘N’ Materials (Rs.) 30,000 3,000 Labour (Rs.) 10,000 12,000 Overheads (Rs.) 7,000 8,600 Input (units) 20,000 17,500 Normal loss 10% 4% Scrap value of loss (per unit) Re. 1.00 Rs. 2.00 There is no opening or closing W-I-P or stock at processes. Final output from the process ‘N’ was 17,000 units
Received credit note for Rs 3500 towards transport charges on the goods supplied from Vinod traders. The transport charges were already paid at the time of delivery. Pass entries at the time of payment of transport and for credit note
What is the Assets & Liabilities?
what is buy bach shares?