See normally bank reconsiliation statement done who is the
in charge of company that people only do the job i.e.
Accounts executive, senior accountant and Accounts manager.
Actually BRS ( Bank reconsiliation statement) to be
prepared by the Accountant of the organization but the
seniors of the Accounts department also responsible for the
same and he has to be make chenges if there is any mistakes.
Bank reconsilation means cross verification of cash book (
bank column)with bank statement.Now in Ltd companies
auditor general of company do such reconcile as he has to
give report to CA for balance...usually companies senior
accountant also do such reconcilation as he has to give
report to auditor general in every three month !
BANK RECONSILIATION STATEMENT IS PREPARED BY ALMOST ALL
BUSINESS CONCERNS IT IS SO BECAUSE IT IS THE IMPORTANT
MECHANISAM OF INTERNAL CASH INFLOW AND OUTFLOW.
Bank reconsiliation statement means reconsil of pass book
and cash book, pass book is maintained by banker and cash
book is maintain by Accountant.on this when the reconsil is
need that time the company accountant will get that pass
book by banker and verify it with his cash book finally the
BRS statement is prepared by accountant of the company.
Bank of reconsilation is prepared by the bank with its
customer or client. It may be a person or Company who needs
a friendly checkup of his transactions, bank reconsilation
statement is prepared.
The bank Reconcilation statement is prepared by the
coustomer and not by the bank. It is prepared
periodically , usually at the end of every month.It enables
the customer to check the accuracy of the entries made in
cash book and pass book. it helps the customer to keep a
track of cheques sent to bank for collection but not
cleared and cheque issued but not presented for payment.
(friends this is correct answer.)
a) what are the rate of employees & company's contribution
for PF & ESIC?
b) what is the ceiling in case of ESI deductions?
c) what are the due dates for paying ESI/PF
I am a non commerce graduate acting as office manager in a
construction company. I am interesting to learn accountancy
thru short cut methods and in a short duration. Can any
body there to help me. I will be pleased to receive any
sugessions and learning tips to my e-mail