what is mean by bank reconciliation?
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Answer / sankar
To compare our company bank a/c and bank stament how much
amoout difference in both accounts. Main diffrences are
both books as like how many cheques are not cleared and not
deposited and howmuch amount bank charges debited by banker
and how much interest credited by banker these steps are
miantain in BRS.
| Is This Answer Correct ? | 11 Yes | 2 No |
Answer / amit
bank reconciliation is the statement of comparison between
bank statement and cash book.
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / ravinder rana k.c.c. bank
Bank reconciliation is the process of comparing and
matching figures from the accounting records against those
shown on a bank statement. The result, any transactions in
the accounting records not found on the bank statement or
vice-versa are said to be outstanding.It is the process
between bank head office and its branches not with company
statement
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / riyasdeen
bank reconciliation means compareing statement between
accounting records and bank statment which is called ank
reconciliation satement
| Is This Answer Correct ? | 2 Yes | 2 No |
Answer / surbhi agarwal
tallying bank column of our cash book with that of bank
statement and the transaction which are found differ from
bank statement are corrected by reversing it. it
consist "cheque issued bt not presented for payment","
cheque deposited in bank bt not cleared" and many other
transaction. our main motive is to match our bank column
with the balance actually available in our bank account.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / deepak r.waghulkar
Bank Reconciliation is called Shortly as BRS in accounting
term
means to find out reasons for disagreement of balance
between balances shown by the bank,as per Bank Statement or
passbook, and balances shown by the bank coloum of cash book
on a particular period
the statement prepared stating such reasons called
Bank Reconciliation Statement
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / ashwin pawar
Bank reconciliation is the process of comparing and
matching figures from the accounting records against those
shown on a bank statement. The result, any transactions in
the accounting records not found on the bank statement or
vice-versa are said to be outstanding.
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / imran
brs is the method through which the outstanding appears in
the accounting records either of cash book or bank statement
| Is This Answer Correct ? | 0 Yes | 2 No |
Answer / vinod
Bank Reconciliation is Matching the company cash book with
the company bank pass book. (eg) We issue cheques from
company cash book, it debits the company cash book and when
customer presents the cheque with the bank, then it debits
the comapany bank pass book. The cheque may be issued from
company cash book on 19.10.2010. The customer presents the
cheque on bank on 30.10.2010. The difference between this 19
& 30th is the timing difference.
| Is This Answer Correct ? | 0 Yes | 2 No |
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