Step for preparing a bank reconciliation statement
Write down the step for preparing a bank reconciliation statement?
Expert
- Bank Reconciliation Statement is made either by starting with the book Cash book balance or Bank pass book balance.
- When the balance of the Cash book is taken as a starting point then Cash book balance is to be altered in accord with the entries passed in the Bank pass book and vice versa.
- Cheques issued however not presented for payment.
- Amount credited in Passbook however not in Cash book.
- Deposits made in the bank straightly.
- Incorrect credits given by bank.
- Interest credited in Passbook.
Briefly describe the general purpose of statement of financial position.
Write down the characteristic of cost accounting?
Briefly describe the term Labor Cost?
Give a brief introduction of the term Minimum Re-order level of inventory levels?
Briefly describe Written down Value (or Reducing Balance) method to compute depreciation?
Write down the various kinds of Equity Market?
Give a brief introduction of the term ‘secured premium notes’?
How are deferred expenditures dealt with in profitability statement?
Before you approve any invoice for payment what are the steps to be taken?
Give a small introduction of the term ‘Taylor Differential Piece Rate System’?
18,76,764
1950212 Asked
3,689
Active Tutors
1443622
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!