What Reconciliation of Accounts.. What kind of ledgers we are reconcile commonly?

reconcialtion

Question added by Irshad k , SENIOR ACCOUNTANT , CENTRO DE COSMETICOS TRADING WLL
Date Posted: 2017/03/23

Upvote (1) Views (10) Followers (6) Answers (5) Report Question

by muhammad ali , sernior accountant , diyar al watan trading & contracting

bank accounts ,accounts receivables and payables

Bank Accounts will be reconcilied always

by Ubaid Ullah Sajid , Accounts Executive , ASNB Real Estate Management L.L.C.

Accounts Reconciliation is a process of comparing & analyzing difference between two or more accounts.

Usually Banks / Debtors / Creditors / Sales accounts are reconciled.

by FURQAN MALIK , General Accountant , Al Falah University

Cash book , Invoices and Bank statement are usually reconciled.

by Amit Srivastava , Dy. General Manager (Northern Region) , M/s Kirloskar Pneumatic Co. Ltd.

Cash Book,Transaction Ledger,Invoices,Credit Notes,Debit Notesetc

What are the necessary efforts to be made if your general ledger refuses to balance. how do you reconcile it?
Top Answer: When you are preparing a trial balance, you may find that you have an unbalanced trial balance. This me ... See More

Answers (9)
In your own opinion, what do you think are the major complications of the bank reconciliation statement?
Top Answer: 1. Bank errors 2.Timing Differences See More

Answers (11)
What is an intercompany reconciliation?
Top Answer: Intercompany reconciliation is basically the reconciliation of funds transfer to each other, stock transf ... See More

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Which of the following highlights the correct order of the stages in the accounting cycle?
Top Answer: I agree with Mohammed's answer. (Journalizing, posting to the ledger, trial balance and final accounts ) ... See More

Answers (7)

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