'Bank Balance as per Bank Book' What is the effect of Books of Account? balance as per company Books what is the Advantage Books maintaining.
Bank Reconciliation is a Statement. It used to compare between both Bank Book (Passbook) and Cash Book balances at the end of the month or in the periodical mannerbr /The advantage books maintaining arebr /!--[if !supportLists]--1. !--[endif]--Avoid the timing difference on recording of the transactionsbr /!--[if !supportLists]--2. !--[endif]--Avoid the errors made by the business or by the bankbr /uHow can it be solve by Tally?/ubr /strongemEnter /em/strongthe Particular Bank ledger at tallybr /Use strongemAlt-F5 key/em/strongbr /strongemEnter/em/strong the Bank Date as per transaction wisebr /strongSave/strong itbr / br /Recap the above unreconcile transaction will be showing then you can compare those transaction between Bank Book (Passbook) and Cash Book balancesbr / br /If any difference in the cash book statement pass the respective entries occordinglybr /
BANK BALANCE IS A ASSET. PRIMARY ADVANTAGE OF BOOKS OF ACCOUNTS IS WE CAN CONTROL ALL THE FRAUDS OR UNNECESSARY EXPENSES.
In Tally very easy go to display , accounts books, cash\bank, bank, enter press F5
Reconciliation statement is prepared to clear out the difference between balance as per accounting books and as per bank statement. It shows the accuracy of the books