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2. What should be the qualities of bank reconciliation clerk?
In order to score in this interview question, a efficient way is to give a list of qualities and skills that is suitable with an admin assistant position. You can start with "Firstly, an admin must have effective methods, secondly, give job the priority, thirdly, create a good team work" etc. Remember that the duty of an admin assistant is to communicate with several of people, so excellent communication skills and a good personality are required.
3. Who maintains Bank Reconciliation Statement?
Bank Reconciliation statement is prepared when bank balance as our books and bank balance as per pass book (i.e bank book) differ...it basically prepared to rectify the error occurred during the bank transactions.
☆ Try to include improvement activities that relate to the job. A wide variety of activities can be mentioned as positive self-improvement. Have some good ones handy to mention.
☆ Employers look for applicants who are goal-oriented. Show a desire for continuous learning by listing hobbies non-work related. Regardless of what hobbies you choose to showcase, remember that the goal is to prove self-sufficiency, time management, and motivation.
5. What experience you should have for bank reconciliation clerk position?
✿ Speak about specifics that relate to the position you are applying for. If you do not have specific experience, get as close as you can.
✿ If you are being asked this question from your employer then you can explain your experience. Tell the employer what responsibilities you were performing during your job. You can tell what programs you developed and what modules you worked on. What were your achievements regarding different programs.
6. What items will be subtracted while preparing a bank reconciliation statement?
☛ Cheques deposited but not cleared
☛ Interest/Bank Charges debited by bank
☛ Direct payments made by bank not entered in Cash book
☛ Cheques dishonored not recorded in cash book
☛ Wrong debits given by bank
☛ If it is prepared with the Bank balance as per the bank passbook, then the above procedure will be reversed i.e the items will be added to the pass book which were deducted from the cash book balance and those items will be deducted from the bank pass book balance which were added to the cash book balance.
☛ Bank Reconciliation Statement is prepared either by starting with the Bank pass book balance or Cash book balance.
☛ If the balance of the Cash book is taken as a starting point then Cash book balance is to be adjusted in accordance with the entries passed in the Bank pass book and vice versa. For example: If the balance is taken as per the Cash book then the following items will be added
☛ Cheques issued but not presented for payment
☛ Amount credited in Passbook but not in Cash book
☛ Deposits made in the bank directly
☛ Wrong credits given by bank
☛ Interest credited in the Passbook
8. Tell me what are the reasons which cause pass book of the bank and your bank book not tally?
► Cheques deposited into the bank but not yet collected
► Cheques issued but not yet presented for payment
► Bank charges
► Interest credited by the bank
► Direct payment by customers into the bank account
► Dishonor of cheques
► Clerical errors
► Amount collected by bank on standing instructions of the concern
► Amount paid by the bank on standing instructions of the concern
► Interest debited by the bank
9. Explain what is bank reconciliation statement?
Bank Reconciliation Statement is a statement prepared to reconcile the balances of cash book maintained by the concern and pass book maintained by the bank at periodical intervals. At the end of every month entries in the cash book are compared with the entries in the pass book. The causes of differences in balances of both the books are scrutinized and then reconciliation statement is prepared.
10. Why bank reconciliation statement is prepared?
This statement is prepared for a special purpose and once in a month. It is prepared with a view to indicate items which cause difference between the balances as per the bank columns of the cash book and the bank pass book at a particular date.
