Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

When the firms prepare the bank reconciliation from the following?

1- yearly .

2- quarterly .

3- Every financial statement preparation .

4- Monthly .

user-image
Question added by Deleted user
Date Posted: 2015/08/05
Rizwan Ashraf Muhammad Ashraf Chaudhry
by Rizwan Ashraf Muhammad Ashraf Chaudhry , Operations Support , United Security Group

monthly

 

Deleted user
by Deleted user

4- Monthly ....................................................................

MUHAMMAD AHMAD
by MUHAMMAD AHMAD , ACCOUNTS OFFICER , ALI ENTERNATIONAL/ J-R RAISING

bank statement is prepares is on monthly basis 

 

mohamed fares
by mohamed fares , senior accountant , سيف الله مصطفى

monthly when we have bank statement we must match our  deposits and  Withdrawal from operation and more

Shamseer KM
by Shamseer KM , Accounts and Admin Payroll , KBM Group

Option4 -  Monthly ................................

Deleted user
by Deleted user

Yes , the answer is option4 (Monthly) for the firm to be sure that all cash deposits and checks collection are recorded in the bank statement . And also to record all commission and charges which the bank calculated . And if the account is overdraft the firm also will record the debit interest . 

Hossam Mohamed
by Hossam Mohamed , Senior Accountant , Allied Arab Assurance Brokerage

Answer is4-Monthly..........

Muhammad Rehan Sarwar
by Muhammad Rehan Sarwar , Purchase Officer , orient group of companies

monthly prepare Bank Reconciliation

Safeer Koyithan Kandy
by Safeer Koyithan Kandy , General Accountant , Hala Trading

Option Four is correct.

B.R.St. is prepairing Monthly

Khurrum Iqbal
by Khurrum Iqbal , Accountant , Akun Logistic Services

Yes it is (4) monthly, only.

Hestine Forkwa
by Hestine Forkwa , Financial Analist , summit financial credit

4) monthly    reconcilliation of banks is effectuated monthly depending on enterprise 

 

More Questions Like This