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The role and the purpose of the accounting function can be identified 'to ensure the business's transactions are recorded and processed completely accurately and securely, and that relevant information is given to management'.
Wiki User
∙ 12y ago
Wiki User
∙ 13y agoCheque Deposit in Bank But Not Cleared
Cheque issued but not not cleared
bank charges
bank intreset
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What is the meaning of 'DPC' on a bank statement?
DCP is an abbreviation for District Credit Plan/s.
What statement about fiscal policy is not true?
It refers to the adjustment of an economy’s money supply by a central bank.
What was one function of the national bank?
the function was to provide a safe place to keep government funds and it could also issue paper money as the currency.
Which statement is true about the Federal Reserve discount rate?
It influences bank behavior in order to control the money supply.
Vision and mission statement of state bank of Pakistan?
The mission of State Bank of Pakistan (SBP) is to promote monetary and financial stability and foster a sound and dynamic financial system, so as to achieve sustained and equitable economic growth and prosperity in Pakistan
What is bank reconciliation statement?
Bank Reconciliation Statement
Is the Bank Reconciliation statement a part of financial statement?
Bank reconciliation statement is not part of financial statement it is the helping statement to tally bank account with balance in banks statement.
What Need and importance of bank reconciliation statement?
* Bank reconciliation statement ensures the accuracy of the balances shown by the pass book and cash book. * Bank reconciliation statement provides a check on the accuracy of entries made in both the books. * Bank reconciliation statement helps to detect and rectify any error committed in both the books. * Bank reconciliation statement helps to update the cash book by discovering some entries not yet recorded. * Bank reconciliation statement indicates any undue delay in the collection and clearance of some cheques.
Who prepares the bank reconciliation statement?
accountant
Bank reconciliation statement is prepared by?
bankers
How often do you prepare a bank reconciliation statement?
Monthly
Accounts and finance material?
what is the bank reconciliation statement
What is full form of BRS?
bank reconciliation statement
What does exactly bank reconciliation statement mean?
it means that it show the difference between the cash book and bank statement
Why do you prepare a Bank Reconciliation Statement?
When the balances of our Cash Book and Pass Book do not agree, we prepare a Bank Reconciliation Statement. A Bank Reconciliation Statement is prepared periodically to reconcile the two balances and explain the reasons for the difference between them. It shows the items and the errors causing the difference as on a particular date. It is just a statement and not a part of the books of Accounts.
What is a reconcilliation statement?
A type of a reconciliation statement is a bank statement. A reconciliation statement will log are transaction on an account, all debits and credits to reveal what is outstanding so an account can be balanced with accuracy.
When do you have suspense in the bank reconciliation statement?
when debit and credit column is not match of bank account
