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Who maintains BRS (Bank Reconciliation Statement) ?
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Answer / dimple
Bank Reconciliation statement is prepared when bank balance as our books and
bank balance as per pass book (i.e bank book) differ...it basically prepared to
rectify the error occured during the bank transactions
| Is This Answer Correct ? | 78 Yes | 16 No |
Answer / muthuraman
make all payments & receipts entries in tally. All check
the cheque book issue. And compare bank statement.
| Is This Answer Correct ? | 57 Yes | 23 No |
BRS Maintain by the account holder (i.e. Individual or
Company)some entries like Bank charges, Commission, Foreign
currency exchange fluctuation & Cheque returned charges
etc. these type of entries, we can know from the bank
statement only. Also, Clearance cheque- like cheque issued
& cheque depsoited by us. After taken all the entries into
the Bank book matching the balance with the Bank pass book.
| Is This Answer Correct ? | 34 Yes | 8 No |
Answer / kuldeep srivastava
BRS is a statement which rectifies the mistakes & left
entries in cash book. Generally it is maintained by the
buisenessman who has a current a/c in a bank.
Cash book (with bank column)'s balance & passbook's balance
should be same.
| Is This Answer Correct ? | 29 Yes | 7 No |
Answer / prajapati pravin
BRS is maintained by individual or current a/c
holder.because we want tally our a/c with bank statement.
Ex. If we issue cheque today (16/02/2009) to other party
then he deposite in the bank after two days and it will
clear on 03/03/2009 that day,hence we want accounting of
feb. then he has to take help of Reconcilation (BRS)
| Is This Answer Correct ? | 15 Yes | 3 No |
Answer / rohit kant9
brs is maintained by the account holder and not by the
bank.
| Is This Answer Correct ? | 18 Yes | 8 No |
Answer / sincy jain
BRS is the statement which is prepared to reconcile or
remove the difference between the bank pass book & cash book
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / smita khutal
Bank Reconiliation statement which rectifies the mistake &
left entries in cash book generally it if maintained by the
business who has a current a/c in a bank. & make all
payments & receipts entries intally all check the cheque
book issue and campare bank statement
| Is This Answer Correct ? | 8 Yes | 3 No |
Answer / maaz
BRS is just the comparison between bank statement and company books to find and fix the differences. There are different purposes of preparing BRS e.g. to make sure that no one is misusing the account, to find out the actual balance we have in our bank account etc.
| Is This Answer Correct ? | 7 Yes | 2 No |
Answer / ravinder.sunkara
bank reconsilation statement is prepare for un common adjustments in cashbook and pass book to find out the difference between cash book and pass book
| Is This Answer Correct ? | 8 Yes | 6 No |
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