Home  
 
  Ask Questions  
 
  Feed Back  
 
  My Questions  
 
  Contact Us  
 
  About Us  
 


 Interview Questions  
 Our Services  
NEW INTERVIEW QUESTIONS.COM ACCOUNTS RECEIVABLES INTERVIEW QUESTIONS DETAILS


NewInterviewQuestions.com - Home for World's Largest Interview Questions Website.

A D V E R T I S E M E N T




Add to My Questions Add to My Questions | Forward Forward | Print Print


Question Question What is reconciliation?

Answer Answer You should have recorded in your cash books all amounts you?ve actually received and payments you?ve actually made. However, the cash books may be incomplete as your bank may have put extra transactions through your account, such as:

bank fees or interest charges
direct debits (payments) and direct credits (receipts).
Doing a regular bank reconciliation will allow you to:

take into account any extra transactions your bank puts through your account, and
check and record any errors or omissions.
By regularly doing a bank reconciliation (say monthly) you can be more confident that your records contain all the information you need to prepare your income tax return and activity statements.


any unclaimed transaction in your book remove it, extra transaction in bank add it, now your bank book and bank statement tally

Answered By: Sivaraman R    Date: 8/10/2007

Reconciliation is the process of comparing any two set of books of Account / records. It is not just limited to Bank reconciliation,but has can be applied to any two related set of record, having variance in balances.

Answered By: Pankaj Acharya    Date: 12/17/2007

reconciling balance as shown by bank pass book with cash book.

Answered By: chaitanya    Date: 2/20/2008

Reconciliation is a method to find accuracy in bank book and pass book we find the correctness of both books

Answered By: ramesh    Date: 9/9/2008

© NewInterviewQuestions.com


If you have the better answer, than send it to us. We will display your answer after the approval.
Answer Answer:*
Name Name:*
Email Address Email Address:*
     Verification Code Code Image - Please contact webmaster if you have problems seeing this image code Not readable? Load New Code
Process Verification  Enter the above shown code:*
 


Rate the above answer. Help us to know about the answer.
Category Category Accounts Receivables Interview Questions
Rating Rating (2.7) By 45 users
Added Added 7/22/2006
Views Views 153948
Rate it Rate it!
Free Offers Free Offers: 300 Free Magazines for you. No credit card required. No Shipping Charges. Absolutely Free for 1 Year.

Please Note: We keep on updating better answers to this site. Subscribe to our newsletter to get notified when better answer is posted.

Notify me when better answer is posted!
Email:





 Sponsors  

Latest 10 Answers
When there is any situation that u should attach a new patch to ur kernel , then download the patch and install it,to make changes to kernel , go to ok prompt and type boot -r, it will update or reconfigure the kernel
Honesty, helpful and reliable
procedure is a set of sql statement ,are combined to gether to perform a specific task or to solve a specifi problem.it does not return value.
leadership is power to influence a group so that the members willingly exert efforts as aspired by the leader.
I have the unique combination of technical skill and the ability to build strong customer relationship. I have the ability to stay focussed in stressfull situation. I would be great addition to your team.
first execute the bc search spec to fetch the data then executes the applet search spec if applet search spec is not match with bc it skips
TCP-Transmission Control Protocol. TCP is Reliable. TCP is Connection oriented. UDP-User Datagram Protoco UDP is Unreliable. UDP is Connectionless.
By default in structure all data member and member function are public,i,e if you not mentation any access specifier. But in case of class By default all data member and member function are private.
Structure is a user defined data type. By default all structure variables are public type and we cann't use access specifier in structure type variable, where as in class we can define objects(variables) under required access specifier type.
variable cost is the cost which is not fixed in nature

Newinterviewquestions.com is a part of Vyom Network. Top



Copyright © 2017, newinterviewquestions.com. All rights reserved Privacy Policy | Terms and Conditions

Page URL: http://www.newinterviewquestions.com/interview/6866/Default.asp?cachecommand=bypass


Download Yahoo Messenger | Web Hosting | Dedicated Server | Free SMS Domain Registration | Windows Hosting | Linux Hosting | Java Hosting | Virtual Dedicated Server | Dedicated Server | Reseller Web Hosting | Unlimited Windows reseller hosting | Unlimited Linux reseller hosting | Cheap Windows reseller hosting | Cheap Linux reseller hosting | Cheap Windows hosting | Best Windows hosting | Windows hosting Multiple Domains | Unlimited Windows hosting | Compare hosting plans | Cheap Linux hosting | Best Linux hosting | Linux hosting Multiple Domains | Unlimited Linux hosting | Cheap asp.net hosting | Best asp.net hosting | unlimited asp.net hosting | Cheap asp.net reseller hosting | Unlimited asp.net reseller hosting | Java Features | Cheap Java hosting | Best Java hosting | unlimited Java Hosting | Unlimited Linux reseller hosting | Java Hosting Multiple Domains Quick2host Reviews Buy Online Traffic