Answer Posted / rajesh kumar

An accounting process used to compare two sets of records to
ensure the figures are in agreement and are accurate.
Reconciliation is the key process used to determine whether
the money leaving an account matches the amount spent,
ensuring that the two values are balanced at the end of the
recording period.
At the end of every month it is a good idea to
reconcile your checkbook by comparing your receipts with
your bank statement. Among other advantages, this type of
account reconciliation makes it possible to determine
whether money is being fraudulently withdrawn from an account.
Nostro Account: An account that a bank holds with a foreign
bank. Nostro accounts are usually in the currency of the
foreign country. This allows for easy cash management
because currency doesn't need to be converted. A nostro is
our account of our money, held by you
Nostro is derived from the latin term "ours."
Vostro Account: A vostro is your account of your money,
held by us. The account a correspondent bank, usually U.S.
or UK, holds on behalf of a foreign bank. Also known as a
loro account.
Vostro is latin for yours.

What is T+2 rolli g settlement cycle?

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you buy a $100 asset. $25 cash, $50 debt, and $25 new equity. Explain how the 3 financial statements (IS, BS, CFS) will change.

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AT THE TIME OF REDEMPTION OF DEBENTURES. WHEN THERE IS PROFIT/LOSS ON SALE OF DEBENTURES WE TRANSFER THAT AMOUNT IN PROFIT AND LOSS A/C BUT WHEN WE CANCEL OUR DEBENTURES AFTER BUYING IT FROM OPEN MARKET THE DIFFERENCE BETWEEN MARKET VALUE AND COST OF DEBENTURES TRANSFER TO "CAPITAL RESERVE ACCOUNT .. WHY SO ANY PRACTICAL ANSWER ??

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Which Invoice issued on Central Sale Commercial or Retail?

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EXPAND_________SDJMC

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interest paid comes under which head

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Examples of automatic generated content material of car logbook loans?

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How do we return the loan in equal installments with interest in tally

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