Dear sir,
At the time of bank reco .
eg.
issuing 50 cheques but it will be cleared 40 cheques in between 01.08.09 to 31.08.09
remaining cheques will cleared next month. But i wnt bank reco period of 01.08.09 to 31.08.09
entry: vendor a/c -
Dr
To SBI outgoing a/c
below entry vendor balance will reducing also bank balance will reduce
how it will treate vendor balance , sbi outgoing a/c difference between our bank a/c and bank statement.
please breafly.