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Answer Posted / anjali
Bank reconcilietion is a statement which is ment to prepare
to know the differences of amount that was being between
the cash book and bank balance that we are using during the
month etc....
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Two months rent of Rs 25000/- was adjusted in Rental advance account at the time vacating office
Short Answer on _________Commerce
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Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.
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