Define Reconciliation
In your terms Reconciliation is defined as?
Expert
You must record in your cash books all amounts you actually received and about the payments you actually made. As the cash books may be incomplete your bank may have put extra transactions through your account like:
1) Interest charges on the Bank fees.2) Direct payments of debits and direct receipts of credits.
By doing regular bank reconciliation it allows:
1) Take into account if any extra transactions one’s bank puts through one’s account2) Check and record any omissions or errors.
By frequently doing bank reconciliation (monthly) you can be more self-assured that your records include all the information you need to prepare your income tax return and activity statements.
Various broad research methodologies are available with which to study the development of accounting theory. a. Discuss the deductive, inductive, normative, and empirical research methods. Include in your discussion examples of accounting research that used each method. b. How do you fe
Which kind of assets should be capitalized and when expense out?
What are International Accounting Standards?
Explain Customer Master record in brief?
Define what is factoring in your terms?
Explain in your terms what are Accounts receivables?
In respect of Account Receivable how do you define Intercompany Transaction?
what are the merits of using accounting assumptions when preparing financial statements
i would only like an introduction and literature review.
18,76,764
1945090 Asked
3,689
Active Tutors
1453938
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!