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Categories >> Accounting >> Accounting General
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
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 Accounting General interview questions  Accounting General Interview Questions (2830)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4369)
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 ?    33 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 ?    26 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
 

 
 
 
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