What is the need for preparing Bank Reconciliation Statement? Explain any five reasons of disagreement between balances shown by the cash book and the pass book.

Fill in the blanks:

i. The Sarbanes-Oxley Act (SOX) was enacted in-------

ii. Intercompany accounting involves proper allocation of Revenues, Expenses and ...............

iii. Interest on overdraft is adjusted I --------

iv. ............... is the estimated value of the asset at the end of its useful life.

V. The ability of a firm to generate cash both from within and outside to meet its cash requirements is referred as ...........

True or False:

i. Sale of investment is the generic sub-element of cash inflows

ii. One of the techniques of preparing a 'Cash Budget' is Balance Sheet method

Cash Turnover is calculated as 12 months / Cash cycle in number of days

iv. The Operating cycle model was developed by William J. Baumol

V. Measure of performance is referred as Metrics.

Straight line and Reducing balance Method

Debtors Reconciliation & Creditors Reconciliation

Miller and Orr Model

Reasons for Revaluation of Fixed Asset