Bank reconciliation interview questions and answers

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Bank reconciliation interview questions and answers


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Explain Bank Reconciliation Statement. Why is it prepared?

Bank Reconciliation Statement is a statement prepared to reconcile the balances of cash book maintained by the concern and pass book maintained by the bank at periodical intervals.................
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What are the reasons which cause pass book of the bank and your bank book not tally?

Cheques deposited into the bank but not yet collected, Cheques issued but not yet presented for payment.............
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What are the important things to be remembered while preparing a bank reconciliation statement? 

While preparing a bank reconciliation statement following important points need to be remembered:...............
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errors not effect trial balance

two sided errors such as error of principle,compensating errors ,error of commission,error of omission

shubham 10-18-2012 11:29 PM

Financial accounting

Pls i want to know the types of errors that do not affect the trial balance?

Udemezue favour 10-2-2012 07:39 PM

 

 

 
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