What do you mean by Bank Reconciliation Statement(BRS)?

Answer Posted / md. sirajul islam

Bank reconciliation is the process of matching and comparing figures from accounting records against those presented in a bank statement.

or

Bank reconciliation is the bank adjustment statement to identify the reasons of in-consistence between bank statement and bank book.

Is This Answer Correct ?    2 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

pls let me know double entry of 'LEASING"

1651


what single discount is to2 successive discount of 10%& 15%

1467


In the Manufacturing IF QC reject the material. Then where to record rejected material amount.

1474


Into which account do we close the revaluation account balance during the winding up of a company?

1494


Explain miscellaneous expenditures & profit and loss account debit balance

607






Can share warrants issued by the company be considered as potential equity shares? If yes, then will it be considered for calculating dilutive EPS?

1422


ram paid to cheque rs 25000/- for comission what is the entry in tally can in this entry tds will deduct then what is the entry in tally and which voucher

1099


How will service tax & excise be charged?

643


In accounting equation what is the treatment of investment in shares??

1085


Tell me where do generally accruals appear on the balance sheet?

507


Tell us in balance sheet, where do you show tds?

610


Apportionment of expenses

1832


In South Africa , the current rate for value added tax is ?

1210


Re: CST RATE IS 1 % IF C FORM IS RECEIVABLE. IF C FORM IS NOT RECEIVED FULL AMOUNT WHAT WILL BE THE RATE OF CST

1538


What is cost accountancy?

775