Bayt.com

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

If we have created PDC accounts in our book of accounts, after bank reconciliation what will be the adjustments. Please?

Accounting Bank Accounting Finance Bank Reconciliation
user-image
Question added by Fahid Malik , Accountant , Sialkot Dry Port Trust
Date Posted: 2017/03/27
Upvote (1) Views (14) Followers (2) Answers (2) Report Question
Write an Answer
Register now or log in to answer.
Ahmed AbdelBaki Ahmed AbdelBaki
by Ahmed AbdelBaki Ahmed AbdelBaki , Treasury Controller , Coca Cola Bottling Company of Egypt

It will reflect my bank position by the due checks value Either by decrease or increase according to it's nature issued PDC or received PDC.

Khaliq Raza MBA MS CFE AFA
by Khaliq Raza MBA MS CFE AFA , Finance Manager , Vertex Trading

First of all thanks for Invitation Mr. Fahid.Let suppose we create  Rent expense account in our Charts of Accounts. If you are doing reconciliation at 28/02/2017. If there is any any payment fall under this tenure will be reconcile , rest will not disturb you. So There will be no as such adjustment because they will only show in your ledger when reconcile the maturity month. Thanks I hope i answer the question, if there is any further clarification let me know please....

Write Your Answer
More Questions Like This