what is reconsilation@

Answers were Sorted based on User's Feedback



what is reconsilation@..

Answer / raman kumar

Bank Reconsilation statement is the statement in which we
have to reconcile the two balance's balance as per cash
book and balance as per bank pass book.The purpose of
preparing such a statement is to find out the cause of
difference betbeen two balance's and pass correcting and
adjusting entrie's in the books of firm.

Is This Answer Correct ?    10 Yes 2 No

what is reconsilation@..

Answer / murali royal

Finding the reasons between cash book and poss book is called
as reconsiliaton as per BRS. Bank reconsiliation statement.

Is This Answer Correct ?    6 Yes 2 No

what is reconsilation@..

Answer / swarna kumari

reconciling the balance as shown by the bank passbook and balance as shown by the cashbook.Purpose of BRS is to know the difference and make adjustment entries.

Is This Answer Correct ?    3 Yes 0 No

what is reconsilation@..

Answer / syed nazare mehdi

reconciliation is nothing but it is the difference between
two balances which are cash book and pass book .this
transaction mainly done between bank and customer .the main
purpose to create brs is to make both cash and pass book
balances are equal.

Is This Answer Correct ?    2 Yes 1 No

what is reconsilation@..

Answer / supriya chavan

BRS is Bank Reconciliation Statement prepared to find out difference between bank book in company's accounting software and bank pass book because of delay cheque clearance by banks and to match the balances of bank book and pass book at month end.

Is This Answer Correct ?    0 Yes 0 No

Post New Answer

More Accounting AllOther Interview Questions

What is Compliance?

0 Answers   Capital IQ,


what is the basic function of accounting?

2 Answers  


while i creating a main asset master there is a error called process being terminated? pls send the solution

0 Answers  


cash book ruals

3 Answers  


What is Free Cash?

0 Answers   Capital IQ,






I am a new person to Accounting but i want to learn it. Pls help me by sending BASICS Information,reference books and websites.

1 Answers  


Expand I B M

1 Answers  


Expand BEMS

1 Answers  


what business entity concept ?

3 Answers  


what is the procedure to get the duplicate Cform in case the original is lost in transit.

2 Answers  


What is Asset& Liabilities? What is depreciation And define methods. what is BRS and when we can use . Explain Acconting concepts & principles. General entry for paybles. What is dividend?

3 Answers   Franklin Templeton,


What is Sensex? What is Nifty ? Difference between these two

123 Answers   Aban Offshore, Birla Sun Life, BSE, Capston, CTS, FII, Fortune, ICFAI, ICICI, IFCI, JPMorgan Chase, Max Newyork Life Insurance, Oil India, Religare, RMS, Satyam, TATA, TCS, Tiwari Enterprises, UIT, Wipro, XYZ,


Categories