which date is effected in books related bank recancilation
transaction date or value date?
- 1 Answers
- 4314 Views
- JK Associates, I also Faced
- E-Mail Answers
Answer Posted / gopal
value date is effected in bank reconciliation because
whenever passing an entry in the ledger value date is
considered and at the time of reconciliation transcation
date is not consider(e.g. in recociliation statement show
the items which are not transaction take place at bank.
for example : if a cheque of Rs 50 lacs issue on 23.02.2010
then the value date also 23.02.2010 and the transcation
date is 07.03.2010 at the Feb month end in reconciliation
statment will take as cheque issue but not presented in
bank yet with cheque value date, there is no need of
transaction date.)
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
why accounting is important in business?
Financial Accounting
What are the advantages of computer accounting over paper accounting?
What is customer account?
I renders interior Services, consider one project cost Rs.500000/- Scenario 1 - Material purchased on my Firm Name Material - 300000 -300000 On party behalf Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit Scenario 2 - Material purchased by client Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit In both Profit is same Rs. 50000/-. which is beneficial for me in terms of turnover or tax matters. and if I have to raise a bill to party as per both scenario, how it will affect bill and tax, where will I suffer loss?
What is an ea in accounting?
Received Invoice from Tvs Co. against purchase of 15 pcs of Mouse @ 750 excluding VAT 4%, Pass journal entry in the necessary books of accounts?
what is book building
What is service tax & excise?
How the Depreciation will calculate in Company?
Can you differentiate accounting and auditing?
What are the various systems of accounting? Explain them.
What are the disadvantages of double entry system?
In india i did MA BE.d but now i am applying for student visa in australia in masters of professional accounting will i face any problem in interview call that why u change ur course how i ill support my answer
what is penaultimate sale
