what is bank reconciliation statement
Answers were Sorted based on User's Feedback
Answer / bharat bhushan sachdeva
Bank Reconciliation statement is a statement prepared on a
particular date to reconcile the difference between the
balances shown by bank pass book and Bank column of cash
book and after finding those causes for the differences
between the balances of both the books these balances are
eliminated to maintain proper records.
Is This Answer Correct ? | 7 Yes | 1 No |
Answer / dattatreya
it is a statement containing add and less....it is prepared
to show the difference between pass book and cash book.
it has overdraft, favourable and unfavourable methods.
Is This Answer Correct ? | 9 Yes | 4 No |
Answer / manoj moolya
BRS is to reconcile the balance between bank column cash
book with pass books i.e customer account.This statement is
prepared every month.
Is This Answer Correct ? | 6 Yes | 2 No |
Answer / kartikk.050
BRS IS STATEMENT PREPARED TO RECONCIL THE BANK BALANCE AS
PER THE CASH BOOK WITH THE BANK BALANCE AS PER THE PASS BOOK
Is This Answer Correct ? | 4 Yes | 0 No |
Answer / pavan kumar bpm
Bank Reconcilation Statements are prepared on daily,
monthly, quarterly as per the organisation requirment for
analysis of cash flow in the organisation.
Bank reconcilation is done between bank statement and cash
book statement to assertain the differences between both as
on particular date.
differences might be 1)Bank charges 2) cheque issued but
not cleared 3)cheque deposited but not cleared 4)intrest on
savings account 5)ECS receipts and payments.
Is This Answer Correct ? | 4 Yes | 0 No |
Answer / arun kumar gupta
Bank Reconcilation is a statement by which we can come to
know the reason of amount difference between to Accounts
(may be bank & Pass book or debtors/Creditors & Our account)
as on a specific date for a specific period
Is This Answer Correct ? | 5 Yes | 3 No |
Answer / richard maina
It is the statement prepared to reconcile the differences
between bank column in cashbook and bank column in
statement prepared by bank relating to a particular period
in time.
Is This Answer Correct ? | 2 Yes | 1 No |
Answer / sarvesham
BRS is a statement which contains a complete and
satisfactory explanation of the differences in balance as
per the cash book and bank statement(pass book)
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / saket panihar
Bank Reconciliation Statement is a statement prepared mainly to reconcile the difference between the bank balance shown by cash book and pass book.
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / chandu
brs is statement, the statement which gives complete and satisfactory explanation between pass book and bank book balances.
Is This Answer Correct ? | 0 Yes | 0 No |
EXPAND___________NOC
Accounting Question Help Please? I would like to know how I should journalize this entry: Credit invoice received from Sam's Trailors for a 10% price adjustment on invoice #515, $1910 Please tell me what to debit/credit....purchase discounts, or purchase returns. THANKS
what is subsidiary book?
For eg, u have order 100 goods and u got only 80 goods, and u got invoiced for 80 goods only, what u will do in this?
If i need a certification for SAP FICO or CRM. Do i have to go to a institute and pay huge sum just for a certificate.? or is there any other way, also let me know how much does it cost...?
what is the accounting conventions
What is Trade Recovery Estimate and how can we calculate it?
what is Sums on Finalization of Accounts?
Expand-------ANTS
differed tax liability
Expand-------ASRT
What is the Journal Entry if "Office Expenses" of Company A is being made by Company B on behalf of Company A?