what is Reconciliation-NOSTRO,VOSTRO?
Answer Posted / r s nageswar rao rapaka
Nostro: Our account and our money in foreign banks with
foreign currency.
Vostro: Their account and their money in our banks with our
currency.
Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
Explain howyou would account for the following items/situations,justifying answers by reference to the conceptual frameworks defintion and rcognition criteria. a)A trinket of sentimental value only b)You are the guarantor for your friends bank loan i) You have no reason to belive that your friend will default on the loan ii) As your friend is in serious financial dificulties,you think it is likely that he will default on the loan c)You receive 1000 shares in X Ltd,trading at $4 each,as a gift from a grateful client. d)The panoramic view of the coast from your cafes windows,which you are convinced attracts customers to your cafe
if a person join company on 01-04-04. after 5 year he is resigned on 31-03-09 and date of leaving is 14-04-09. Is he is on under gratuity payable or not? he is completed 5 years on 31-03-09. what is basis on calcultion on final settlement is date of resignation or date of leaving whcih is on 14-04-09.
What is Inventory Control?
Define Payee
How can we display last five years sales in tally
WHAT IS THE DIFFERENCE BETWEEN SEND FOR APPROVAL (WITHOUT PARKING) AND ASSIGNMENT CORRECT IN MYSAP FI POSTING?
How can i do the entry of of service tax in tally.
what are the different causes for discrepencybetween the balance of cash book and pass book
Received an order from Babu for the supply of goods Rs.200/-. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?
to attend interview for real estate company accounts
Define Bill of Exchange
Short answer on _______Amendment
Short Answer on _______Appropriation
What is COVER payment?
Mention some of the major contributions made by you in your present and previous jobs