A bank reconciliation statement is a statement where in the
causes responsible for the difference between the cash book
balance and the pass book balance(as per bank balance) is
ascertained and suitable adjustments are made thereon so
that the balance of both the books are reconciled or agreed
with each other.
A bank reconciliation statement can be started either with a
cash book balance or with a pass book balance.
Reasons for difference
1. Deposits made by the third party directly to the bank.
2. Cheque deposited by into the bank but not yet cleared.
3. Interest & charges debited or credited by bank.
4. Cheque issued but not presented for payment by the third
BRS meams Bank reconcilation statement. Its prepared to know
the deferrences between cash book and pass book. its
prepared monthly one time.
Reasons for deferrences b/w pass and cash book
- Cheques deposited but not collected yet the bank.
-- cheques issued but not presented yet the bank.
- bank directly pay to parties on behalf of the customers.
- bank charges are debited in bank book
- cheques dishonoured.
B.R.S means bank reconsilation statement. it is prepared
to know the differences between pass book &cash book balance
reasons for differences -
- cheques deposited but not yet collected
- cheques issued but not yet presented
- a cheque directly deposited by costoumer in the partys
a/c with out informing
following are some differences when cash book balances&
pass book balances does not match
BRS means Bank reconcialation statement.this is the
statement which has been prepared by the accountant.this
helps in knowing the cash balance of customer and to know
whether the transactions were entered or not in the cash
book or pass book.
A bank reconciliation statement is a statement prepared by
organizations to reconcile the balance of cash at bank in a
company's own records with the bank statement on a
The difference between the two records on a given date may
arise because of the following:
Cheques drawn but not yet presented to the bank.
Cheques received but not yet deposited in the bank.
Interest credited and not recorded in the organization's
Bank charges debited but not recorded in the organization's
i am new to Tally ERP 9. i have a problem facing the
negative stock balances for few items. now i want to know,
how do i write-off/adjust in Tally and make them NULL/Zero
as at 31/12/2011, so that they don;t appear as 'negative' as
the opening bal. from 1/1/2012..i have used the physical
stock entry screen for the differences stock items. but for
those item whose balances is simply Negative appearing from
previous years for may be several reasons, how to deal with
those? thanks in advance for any help..