Resume from card #1
› 🏦 JAIIB › AFM › Back Office Functions/Handling Unreconciled Entries in Banks
🏦 JAIIB AFM Back Office Functions/Handling Unreconciled Entries in Banks 20 cards
Back
All Capsule Cards
View: Vertical
Your Progress
Seen
Remaining
Done
AFM Capsule Cards PRO Back Office Functions/Han…
Why is reconciliation with intermediaries like Payment Gateways and ATM vendors critical for a bank?
Tap to reveal answer
Premium Answer

Unlock with a membership plan

Unlock Now
42 Views
Reconciliation of Intermediaries
Back Office Functions/Handling Unreconciled Entries in Banks 42
WA 42
AFM Capsule Cards PRO Back Office Functions/Han…
Due to the large volume of transactions, what has RBI advised banks regarding Demand Draft (DD) reconciliation?
Tap to reveal answer
Premium Answer

Unlock with a membership plan

Unlock Now
39 Views
Demand Draft Segregation
Back Office Functions/Handling Unreconciled Entries in Banks 39
WA 39
AFM Capsule Cards PRO Back Office Functions/Han…
What is a Nostro Account, and why must its entries be meticulously reconciled by the back office?
Tap to reveal answer
Premium Answer

Unlock with a membership plan

Unlock Now
39 Views
Nostro Account Reconciliation
Back Office Functions/Handling Unreconciled Entries in Banks 39
WA 39
AFM Capsule Cards PRO Back Office Functions/Han…
How frequently has the RBI mandated that banks must reconcile their investment balances with the Public Debt Office (PDO)?
Tap to reveal answer
Premium Answer

Unlock with a membership plan

Unlock Now
38 Views
SGL / Demat Reconciliation
Back Office Functions/Handling Unreconciled Entries in Banks 38
WA 38
AFM Capsule Cards PRO Back Office Functions/Han…
What types of items are temporarily parked in a bank branch's 'Suspense Account'?
Tap to reveal answer
Premium Answer

Unlock with a membership plan

Unlock Now
38 Views
Suspense Account Management
Back Office Functions/Handling Unreconciled Entries in Banks 38
WA 38
🔓

Enjoying ClearShorts?

Create a free account to track progress, like cards and join discussions.

Register Free Login
AFM Capsule Cards PRO Back Office Functions/Han…
What causes an unreconciled Inter-Office entry to appear in the bank's central system?
Tap to reveal answer
Premium Answer

Unlock with a membership plan

Unlock Now
38 Views
Inter-Office / Inter-Branch Entries
Back Office Functions/Handling Unreconciled Entries in Banks 38
WA 38
AFM Capsule Cards PRO Back Office Functions/Han…
How does the 'Sundry Deposits' account differ from the 'Suspense' account regarding entries?
Tap to reveal answer
Premium Answer

Unlock with a membership plan

Unlock Now
36 Views
Sundry Deposits Account
Back Office Functions/Handling Unreconciled Entries in Banks 36
WA 36
AFM Capsule Cards PRO Back Office Functions/Han…
How is the net aggregate balance of the Inter-Office account presented in a bank's final Balance Sheet?
Tap to reveal answer
Premium Answer

Unlock with a membership plan

Unlock Now
36 Views
Inter-Office Balance in Balance Sheet
Back Office Functions/Handling Unreconciled Entries in Banks 36
WA 36
AFM Capsule Cards PRO Back Office Functions/Han…
What is the RBI mandated provisioning requirement for unreconciled net debit balances in inter-branch accounts?
Tap to reveal answer
Premium Answer

Unlock with a membership plan

Unlock Now
36 Views
RBI Provisioning for Inter-Branch
Back Office Functions/Handling Unreconciled Entries in Banks 36
WA 36
AFM Capsule Cards PRO Back Office Functions/Han…
Which critical activities are typically handled by a bank's Back Office rather than the client-facing Front Office?
Tap to reveal answer
Premium Answer

Unlock with a membership plan

Unlock Now
35 Views
Back Office Core Functions
Back Office Functions/Handling Unreconciled Entries in Banks 35
WA 35
🔓

Enjoying ClearShorts?

Create a free account to track progress, like cards and join discussions.

Register Free Login
AFM Capsule Cards PRO Back Office Functions/Han…
To prevent frauds, RBI advises banks to restrict branches from originating debits to the Head Office account for which activities?
Tap to reveal answer
Premium Answer

Unlock with a membership plan

Unlock Now
34 Views
Restricting Originating Debits
Back Office Functions/Handling Unreconciled Entries in Banks 34
WA 34
AFM Capsule Cards PRO Back Office Functions/Han…
What does 'Switch Balance' refer to in the context of ATM reconciliation?
Tap to reveal answer
Premium Answer

Unlock with a membership plan

Unlock Now
34 Views
Switch Balance in ATMs
Back Office Functions/Handling Unreconciled Entries in Banks 34
WA 34
AFM Capsule Cards PRO Back Office Functions/Han…
Which critical operational balances does a commercial bank reconcile with the Reserve Bank of India (RBI)?
Tap to reveal answer
Premium Answer

Unlock with a membership plan

Unlock Now
33 Views
Reconciliation with RBI
Back Office Functions/Handling Unreconciled Entries in Banks 33
WA 33
AFM Capsule Cards PRO Back Office Functions/Han…
What is the objectionable practice of passing 'Dummy Debits' in office accounts?
Tap to reveal answer
Premium Answer

Unlock with a membership plan

Unlock Now
30 Views
Objectionable Practice: Dummy Debits
Back Office Functions/Handling Unreconciled Entries in Banks 30
WA 30
AFM Capsule Cards PRO Back Office Functions/Han…
What is the primary role of the Central Reconciliation Department (CRD) in modern banks?
Tap to reveal answer
Premium Answer

Unlock with a membership plan

Unlock Now
29 Views
CRD (Central Reconciliation Dept)
Back Office Functions/Handling Unreconciled Entries in Banks 29
WA 29
🔓

Enjoying ClearShorts?

Create a free account to track progress, like cards and join discussions.

Register Free Login
AFM Capsule Cards PRO Back Office Functions/Han…
What must a bank do with inter-branch credit entries that remain outstanding for more than 5 years?
Tap to reveal answer
Premium Answer

Unlock with a membership plan

Unlock Now
27 Views
Blocked Account (5-Year Rule)
Back Office Functions/Handling Unreconciled Entries in Banks 27
WA 27
AFM Capsule Cards PRO Back Office Functions/Han…
How does an 'Incorrect branch code' error affect the inter-office reconciliation process?
Tap to reveal answer
Premium Answer

Unlock with a membership plan

Unlock Now
32 Views
Common Error: Wrong Branch Code
Back Office Functions/Handling Unreconciled Entries in Banks 32
WA 32
AFM Capsule Cards PRO Back Office Functions/Han…
Why is a time lag considered a natural cause for an unreconciled inter-branch entry?
Tap to reveal answer
Premium Answer

Unlock with a membership plan

Unlock Now
30 Views
Time Lag in Drafts
Back Office Functions/Handling Unreconciled Entries in Banks 30
WA 30
AFM Capsule Cards PRO Back Office Functions/Han…
Why does RBI object to the netting off of liability related GLs with debit balances against other GLs with credit balances?
Tap to reveal answer
Premium Answer

Unlock with a membership plan

Unlock Now
30 Views
Objectionable Practice: Netting GLs
Back Office Functions/Handling Unreconciled Entries in Banks 30
WA 30
AFM Capsule Cards PRO Back Office Functions/Han…
How is the concept of A-B-C analysis applied to the reconciliation of inter-office entries?
Tap to reveal answer
Premium Answer

Unlock with a membership plan

Unlock Now
29 Views
A-B-C Analysis in Reconciliation
Back Office Functions/Handling Unreconciled Entries in Banks 29
WA 29
Comments

No comments yet. Be the first!

Share

Back Office Functions/Handling Unreconciled Entries in Banks — JAIIB AFM Capsules

India's #1 short-form JAIIB preparation app. 500+ capsule cards, unlimited mock tests & PDF notes for JAIIB May & Nov 2026 (PPB, IE-IFS, AFM, RBWM). Learn while commuting. Clear JAIIB in your first attempt. Join 5,000+ bankers.

All 20 cards on this page
Reconciliation of Intermediaries Why is reconciliation with intermediaries like Payment Gateways and ATM vendors critical for a bank? Demand Draft Segregation Due to the large volume of transactions, what has RBI advised banks regarding Demand Draft (DD) reconcil… Nostro Account Reconciliation What is a Nostro Account, and why must its entries be meticulously reconciled by the back office? SGL / Demat Reconciliation How frequently has the RBI mandated that banks must reconcile their investment balances with the Public… Suspense Account Management What types of items are temporarily parked in a bank branch's 'Suspense Account'? Inter-Office / Inter-Branch Entries What causes an unreconciled Inter-Office entry to appear in the bank's central system? Sundry Deposits Account How does the 'Sundry Deposits' account differ from the 'Suspense' account regarding entries? Inter-Office Balance in Balance Sheet How is the net aggregate balance of the Inter-Office account presented in a bank's final Balance Sheet? RBI Provisioning for Inter-Branch What is the RBI mandated provisioning requirement for unreconciled net debit balances in inter-branch ac… Back Office Core Functions Which critical activities are typically handled by a bank's Back Office rather than the client-facing Fr… Restricting Originating Debits To prevent frauds, RBI advises banks to restrict branches from originating debits to the Head Office acc… Switch Balance in ATMs What does 'Switch Balance' refer to in the context of ATM reconciliation? Reconciliation with RBI Which critical operational balances does a commercial bank reconcile with the Reserve Bank of India (RBI… Objectionable Practice: Dummy Debits What is the objectionable practice of passing 'Dummy Debits' in office accounts? CRD (Central Reconciliation Dept) What is the primary role of the Central Reconciliation Department (CRD) in modern banks? Blocked Account (5-Year Rule) What must a bank do with inter-branch credit entries that remain outstanding for more than 5 years? Common Error: Wrong Branch Code How does an 'Incorrect branch code' error affect the inter-office reconciliation process? Time Lag in Drafts Why is a time lag considered a natural cause for an unreconciled inter-branch entry? Objectionable Practice: Netting GLs Why does RBI object to the netting off of liability related GLs with debit balances against other GLs wi… A-B-C Analysis in Reconciliation How is the concept of A-B-C analysis applied to the reconciliation of inter-office entries?
Chapters in this paper
Definition, Scope & Accounting Standards including Ind AS Balance Sheet Equation Financial Management - An Overview Taxation: Income Tax/TDS/Deferred Tax Basic Accountancy Procedures Preparation of Final Accounts Ratio Analysis Goods & Services Tax Maintenance of Cash/Subsidiary Books and Ledger Company Accounts - I Financial Mathematics - Calculation of Interest and Annuities An Overview of Cost & Management Accounting Bank Reconciliation Statement Company Accounts - II Financial Mathematics - Calculation of YTM Costing Methods
Modules in AFM
MODULE A: Accounting Principles and Processes MODULE B: Financial Statements and Core Banking Systems MODULE C: Financial Management MODULE D: Taxation and Fundamentals of Costing
JAIIB papers
IE-IFS — Indian Economy & Indian Financial System PPB — Principles & Practices of Banking AFM — Accounting & Financial Management for Bankers RBWM — Retail Banking & Wealth Management
Study formats
All formats Capsule Cards Memory Tricks Infographics JAIIB Mock Tests 2026 All capsules
App Icon
Install ClearShorts App
Study offline, anytime