Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / pravin kamble
Bank reconciliation means agreement between two parties, so
each agreement contain the cut off date to get it closed.
(i.g. we can not prepare the reconciliation for the month
of March 2010 by taking the balance / transation posted in
the month of Jan 2010, to prepare the reconcilation we must
consider the opening balance as on 1st March 2010, movement
from 1st march to 31st march 2010 & closing balance as on
31st march 2010)
1)A cut off date which is agreed to prepare a bank
reconciliation.
2)once we deside the cut off date, then only we can compare
the balances in both the books (bank book & pass book) to
find out the differences.
| Is This Answer Correct ? | 1 Yes | 8 No |
Post New Answer View All Answers
What is meant by daily accrual and booking?
Tell me what is gaap?
Sir, Now, i am purchasing ply wood, board, and other material for my office furniture. But now the furniture is incomplete so what would be the journal entry for this exp. in book.
how we can calculate sundry debtors and crditors a/c?show some examples
WHAT IS ACCOUNTING HEAD FOR TRADE FINANCE? I HAVE PAID 49268 FOR TRADE FINANCE.WHERE SHOULD I TAKE IN TALLY
your company by machinary for Rs 3000000/-, what will be the maximum term lean avaible form bank?
Suppose you buy a one-year government bond that has a maturity value of Rs.1000. The market interest rate is 8 per cent. (a) How much will you pay for the bond? (b) If you purchase the bond for Rs.904.98, what interest rate will you earn from this investment?
What are the features of financial accounting?
how will you handle fairs in askening with the a high posistion person in a company? how will i develop my attitude when interviewed? am always scared.
What is the difference between Accruals and Provisions?
What is the definition of accounting?
Hey can any body tell me..What are negative assets?
cheque deposit is a contra entry?
what is the minimum & maximum amount paid by company per day
What is the important of computerized accounting to manual?
