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What is the purpose of a bank reconciliation?
Main purpose of bank reconciliation is to rectify the errors or differences that may occur between bank balance as per bank statements and bank balance as per our books of accounts to bring the both balances at one amount and tally each other normally at the end of month.
What do you mean by reconciliation in accounting?
Reconciliation is finding resolution in two set of records, in case of discreprancy Thanks! DJ
What does EOM net EOM mean?
EOM means "End of Month"
What is cost reconciliation?
Reconciliation always has costs and benefits. Some costs might mean having to live with feelings of hurt. It may mean giving up some terms or behaviors. One has to weigh the costs versus the benefits of reconciliation.
When doing the reconciliation of a bank account the beginning balance on the new month's bank statement should always match what?
ending balance of the previous month
What does an argument begin and end with?
Begins with conflict and ends with reconciliation, estrangement or exhaustion.
What does it mean if a girl keeps on staring at you for a month and stops after the end of that month and starts staring again the next month?
It means she likes you or shes just a creeper
What does intermediate account reconciliation mean?
two figures matching
What does it mean to dream of reconciliation with an ex girlfriend?
That you have not yet moved on.
What is checkbook reconciliation?
At the end of the month you do a checkbook reconciliation in order to balance your checkbook to ensure that the balance agrees with what the bank says is in your account. You do this by totaling all the checks you wrote for the month, along with any charges the bank has levied such as the cost of writing the checks etc, and deducting them from the previous month's balance. Then you add up all your deposits for the same period, and your checkbook balance should agree with what the bank says you now have in your account. Checks are fast becoming obsolete for most people as they move to on-line banking and are paying their bills electronically.
What does bank reconciliation statement mean?
It is the report a bank sends to a customer each month containing all transactions that have taken place during the one-month reporting period---money in, money out---so that the customer can compare that information with his own records and be sure there has been no error.
What does EOM Net 15th mean?
The total bill is due 15 days after month end
