What is meant by Bank Reconciliation? Who made it and when was it made?

Q: What are the possible financial objectives can be recommended to a bank?

A: Financial objectives of bank are basis of working of bank.

Q: what is Importance of bank reconciliation statement for education industry.

A: Banks reconciliation statement is matching of banking transactions statement with that of financial…

Q: Why is it important to prepare a bank reconciliation?

A: Bank reconciliation statement is prepared where an entry which is found in one book (Cash book or…

Q: 71. Which of the following is the usual activity classification of cash advances and loans made by…

A: Operating activities is the function directly retated to company's core business activities. Like…

Q: Explain the steps of bank reconciliation in Accounting.

A: A statement that is prepared to identify the reasons for the difference and to reconcile the…

Q: How does a bank reconcile between liquidity and profitability.

A: Meaning of liquidity and profitability   Liquidity- is the ability of the bank to meet its…

Q: Discuss the need for the bank reconciliation statement

A: Bank Reconcilation Statement: Bank reconcilation statement  reconciles an entity’s bank account with…

Q: what are the two most differences between the bank side and the book side of a bank reconciliation?

A: Bank reconciliation is a statement which explains the reasons of difference between the balance as…

Q: What are the risk-adjusted on-balance-sheet assets of the bank as defined under the Basle Accord?

A: The answer is stated below:

Q: Which of the following is not a function of bank management? Investment management Project…

A: Management becomes an integral part of every aspect of the business irrespective of the type of the…

Q: Which of the following reconciling items may not result from bank side reccords of a bank account?

A: The financial statement which records the amount differences between bank statement and bank account…

Q: WHAT ARE THE TYPES OF BANK MANAGEMENT?

A: Bank management is used to govern the different concerns that are associated with the bank to…

Q: )What is the role of a central bank? b)Why is it argued that a central bank should be independent…

A: A central bank is a financial institution having control over the production and distribution of…

Q: What is a bank reconciliation statement and how does it work?

A: Bank reconciliation is also known as a passbook. A bank reconciliation statement is a book that…

Q: Elaborately explain about, Uses of Bank Funds – The Lending Function: The credit process. No…

A: Uses of Bank Funds: Bank funs the amount of money present with the bank that is deposited by the…

Q: What is bank reconciwhliation

A: Bank Reconciliation Statement:  Bank statement is generally provided by the bank. Apart from bank…

Q: Indicate how each of the following items would be included on a bank reconciliation.

A: A bank reconciliation statement is a summary of banking and business activity that reconciles an…

Q: hat is the importance of regular bank reconciliations?

A: The bank reconciliation statement is prepared to equate the balances of cash book and pass book with…

Q: Why are the banks reluctant to lend, and what should be done to increase bank lending?

A: Banks generally borrow and lend cash in the interbank loaning market so as to oversee the liquidity…

Q: What are the sources and uses of Bank funds?

A: Whatever wealth in a bank's possession is referred to as bank funds. Bank funds primarily comprise…

Q: 1. Bank statement and bank reconciliation statement are the same.

A: Note: “Since you have asked multiple question, we will solve the first question for you. If you want…

Q: Do U.S. GAAP and IFRS differ in how bank overdrafts are treated? Explain.

A: Generally Accepted Accounting Principles:   GAAP (Generally Accepted Accounting Principles) is a…

Q: QUESTION 1 a) Explain the reasons for the difference between the cash book and bank statement. b)…

A: Cash book is the book in which all the transactions of the business which involves cash is recorded.…

Q: What is a central bank,

A: Hey, since there are multiple questions posted, we will answer the first question. If you want any…

Q: What’s the difference between a commercial bank and an investment bank?

A: A financial institution that provides services such as accepting the deposits and providing the loan…

Q: Which of the following would likely not be considered a Cash Equivalent? Savings account O Money…

A: Let us first understand the definition of : Cash Equivalent:- It is an extremely liquid investment…

Q: What is bank resolution?

A: Resolution takes place on the identical time whilst the authorities decides that the economic…

Q: Which one of the following items requires an adjustment on the bank side of the bank​…

A: An error on the bank side or any omission in the bank statement requires an adjustment on the bank…

Q: What is a bank reconciliation?

A: The statement of Bank reconciliation is a report that matches the money balance on an organization's…

Q: Explain why the money listed under assets on a bank balance sheet may not actually be in the bank?

A: Balance sheet of the bank used to operate under an assets, where the net worth of bank used to…

Q: )Why it important to reconcile the bank statement? b)What are some of the items involved in the…

A: Bank reconciliation statement is the statement which keeps the record of the business transactions…

Q: Why is there a need for  banking regulations to regulate savings  and  the lending of money by…

A: Banks are one of the most important financial institutions. Banks play an integral role when it…

Q: Explain  the  need  and  importance of the  bank  reconciliation .

A: Bank reconciliation statement (BRS) is a summary statement indicating the reconciliation entries of…

Q: How do adverse selection and moral hazard affect the bank lending function? And How can minimise…

A: A Moral hazard occurs when one party tends to behave in the riskiest manner if it is protected…

Q: basic concepts of bank reconciliation.

A: Bank Reconciliation: In the banking scenario, the account and mirror account having the opposite…

Q: Discuss the three forms of bank reconciliation.

A: The bank reconciliation statement is prepared to equate the balances of cash book and passbook with…

Q: What are the benefits of government setting and managing bank fees and rates to depositors?

A: Government used to deal with the citizens as well as deliver the public as well as social services,…

Q: in terms of bank balance sheets which of the following is correct?

A: Bank balance sheet shows all sources and uses of bank funds. It's assets represents the uses of…

Q: How can monetary policies created by a central bank affect financial markets and financial…

A: Monetary Policy: A strategy that gives information about the circulation of money in the economy is…