What do you mean by" bank reconciliation"?, Accounting Basics

A Bank reconciliation manipulates cross verifying the entries in the cash book(bank balance)with that of pass book.

Mostly the reasons for disagreement of cash book with that of pass book are as follows:

1.cheques placed but not collected by bank.

2.cheques issued but not offered for payment.

 

Posted Date: 3/30/2013 3:28:45 AM | Location : United States







Related Discussions:- What do you mean by" bank reconciliation"?, Assignment Help, Ask Question on What do you mean by" bank reconciliation"?, Get Answer, Expert's Help, What do you mean by" bank reconciliation"? Discussions

Write discussion on What do you mean by" bank reconciliation"?
Your posts are moderated
Related Questions
norman co borrows $15,000 with a 8%interest 38,000 account receivable paid $26,000 salary

Q. Learning objectives of trial balance? - The cash basis of accounting know revenues when cash is received and recognizes expenses when cash is paid out. - The accrual basi



If a customer payment data was lost and needed to be reconstructed what are some of the ethical considerations the business owner would need to consider? This may include internal

Ken Young and Kim Sherwood organized Reader Direct as a corporation; each contributed $49,000 cash to start the business and received 4,000 shares of stock. The store completed its

Verify the amount to be paid within the discount period for purchase with an invoice price of $7,745, subject to credit terms of 2/10, n/30.

Ask queMary Lapointe, the Chief Financial Officer of your Northern Travel Experience company, has advised that the company will be opening an office in Nunavut this year. The offic

Q. Explain about cost principle? As applied to largely assets this principle is often called the cost principle. It utter that purchased or self-constructed assets are initiall

how do i prepare a multilevel and single step income statement