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Bank Reco

This query is : Resolved 
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(Querist)
04 July 2009 I will be greatful is somebody give me details about purpose of checking Bank Reco
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M Prabhakar Menon

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M Prabhakar Menon (Expert)
04 July 2009 Your query is incomplete in so far as you have not stated the context depending on that the purpose will vary
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Ratan Sharma

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Ratan Sharma (Expert)
04 July 2009 Hi,
If there is difference in the balance as appearing in the books of accounts and as per bank statement, then to know the difference bank reco is necessary. If there is any mistake either from the bank side or in our books of accounts then rectification entry can be done in the books of accounts.
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CA Kartik Pandya

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CA Kartik Pandya (Expert)
04 July 2009 I am fully agree with Mr. Ratan, for more clarification feel free to contact me on my cell: 099241 95661.
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