Interested to Buy Any Domain ? << Click Here >> for more details...
what is bank reconciliation?what is reconciliation of
account and what type of accounts maintain in colleges?
- 3 Answers
- 6613 Views
- Mphasis, I also Faced
- E-Mail Answers
Answer Posted / barun
bank reconcilation is way to find out outstanding balance
for any A/c is match with the amount you spand these two
value must match at the end of transection.
confused......
ok
example-you have icici bank A/c-you deposit -rs 1000
next day you withdrawl 300
next day deposit 500
again next day withdrwl 1000
at the end of month outstanding balance=total(deposit)-total
(withdrowl)
i.e os balance=(1000+500)-(300+1000)=200
at the end of month bankers cheking the amount with bank
statment it is correct or not with your a/c.
ie is reconcilation.
| Is This Answer Correct ? | 3 Yes | 1 No |
Post New Answer View All Answers
Explain what is double-entry accounting? Explain with an example?
credit card all entry pass in tally
How Can We Justify the,Real A/C & Nominal A/C?
What are a debit note and credit note with an example?
What is the difference between perpetual & periodic inventory system?
how many view the tally backup erp9 after the tally backup in tally
purchase from interstate as applicable f form given to supplier & selling in local state as applicable local vat guide me as per law
Cash bill of sale so the company can deduct the amount.
What is good accounts Process & Execution capabilities?
How P/E ratio usefull to the different people?
What is batch input? why we use batch input session in SAP(FICO)?
Compare financial accounting and cost accounting.
What is mutual fund sub accounting?
please explain all accounting concepts n conventions in detail
pass the journal as wellas ledger entries off the foll 1st jan :> started businress with cash rs 1,20,000 & goods worth rs 60,000. 2nd jan > cash purchases rs 50,000. 4th jan >cash sales rs 40,000. 6th jan > purchase good's from sonali on credit worth rs 30,000 at 10 % trade discount. 8th jan> sold sood's to komal on credit rs 20,000 at 10% trade discount. 10th jan > paid rent by a cheque rs 50,000. 12th jan > good's worth rs 4,000 lossed by fire. 14th jan > good's worth rs 3,000 withdrawn from business for personal use. 16th jan > good's worth rs 2,000 distributed as free samples. 18th jan > good's worth rs 1,000 exchange for furniture.
