Bank Reco

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Tukaram Desai

Tukaram Desai (Querist)
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04 July 2009 I will be greatful is somebody give me details about purpose of checking Bank Reco

M Prabhakar Menon

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

Ratan Sharma

Ratan Sharma (Expert)
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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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