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Categories >> Accounting >> Accounting General
 
 


 

 
 Audit interview questions  Audit Interview Questions (427)
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 Accounting General interview questions  Accounting General Interview Questions (2805)
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Question
What do you mean by Bank Reconciliation Statement(BRS)?
 Question Submitted By :: Accounting-General
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
Bank Reconciliation Statement means is the method of
maintaining the balance in the accurate manner so that we
can able to check our availability of fund for the further
transactions.
 
Is This Answer Correct ?    32 Yes 5 No
Mohan Kumar.g
 
Answer
# 2
BRS is a statement which is prepared for verifying &
reconciling the bank balances which is shown by cash book &
pass book and incorporate the reason of disagreement
between them.
 
Is This Answer Correct ?    24 Yes 3 No
Basanti
 
 
 
Answer
# 3
the bank reconciliation statement means to know the
companay balance and bank balance is known as bank
reconciliaton statement



2.the BRS means to know the daily balance information
 
Is This Answer Correct ?    34 Yes 16 No
Venkat
 
Answer
# 4
BRS ( bank reconciliation statement )is nothing but just
verify both the cash book and bank book whether all entries
made correctly or not
 
Is This Answer Correct ?    17 Yes 0 No
Rajesh
 
Answer
# 5
A bank Reconciliation statement can be defined as a statement prepared at periodical intervals,with a view to indicate the items which cause disagreement between the balances as per the Bank columns of the cash book and the bank pass book on any given date. 
Is This Answer Correct ?    13 Yes 2 No
Raj Kumar Singh
 
Answer
# 6
Answer no #3 and #4 are very correct. 
Is This Answer Correct ?    8 Yes 1 No
Prakash Kokane
 
Answer
# 7
BRS is adjustment between bank book & pass book.  
Is This Answer Correct ?    8 Yes 3 No
Provat
 
Answer
# 8
Matching of two ledger a/c's and identifying the disconnects 
Is This Answer Correct ?    9 Yes 4 No
Sri Parimala
 

 
 
 
Other Accounting General Interview Questions
 
  Question Asked @ Answers
 
sir, some body tell me how i treat the abnormal fire loss stock :-our company suffer a fire loss during goods in transit (goods were hold at warehouse and fire occured) now how i account for the loss and what type of ledger should i create and under which group   1
why the accounts as personal real and nominal   1
WHAT IS THE JOURNAL ENTRY FOR PAYING 50000 RS. TO XYZ CO. FOR PROFESSIONAL FEES AFTER DEDUCTING TDS ON THAT.   5
what will you achieve for the company if you are employed to work ABC 2
Received Invoice from Tvs Co. against purchase of 15 pcs of Mouse @ 750 excluding VAT 4%, Pass journal entry in the necessary books of accounts?   6
What is the Meaning of Value Date in Bank Statement ?   1
AFTER MY QUALIFICATION WHAT IS THE UNIQUE THING ABOUT ME THAT COMPANIES EXPECT? Infosys 1
Company Providing Mobile handset to all employee on free of cost and returnable basis while leaving the job. My query is- how i account the above transaction - under fixed asset or mobile expenses- ( indirect exp) or staff welfare ( indirect exp ) Kindly suggest   2
Please explain ASAP?   5
How tha valuation of Inventory should be done? Deloitte 3
During the Interview in a Company the Interviewer asked me that Why the Depreciation Rate as per Income Tax Act & Companies Tax Act differs, please answer this quetion ?   2
Capital Expenditure Chartered-Accountant 2
 
For more Accounting General Interview Questions Click Here 
 
 
 
 
 


   
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