What is the bank reconciliation and simple explanation of BRS.
Answers were Sorted based on User's Feedback
Answer / shalu jain
BRS IS THE DIFFERENCE WHICH SHOWS THE DIFFRENCE BETWEEN
CASH BOOK AND PASS BOOK
|Is This Answer Correct ?||41 Yes||5 No|
Answer / rikki
bank reconciliation is simply checking the transaction with
bank that and BRS is the comparision between bank statement
and bank book of the company,
|Is This Answer Correct ?||21 Yes||5 No|
Answer / rajammal
1. Bank Reconciliation means comparing and matching figures
from the company/firm, Books of Accounts(i.e., Bank A/c)
against those shown on an Bank Statement.
2. BRS - Bank Reconciliation Statement
BRS means the statement which show the difference
between the Bank account (Book of the Account) and the Pass
For example, we give the cheque the our party for
Rs.5000 on 1-2-2010. But the cheque is not deposited by the
Party on that date. In this Case, in our books we deducted
the cheque amount for the bank account. But the actual
thing is the cheque is not deposited in the bank. So the
bank statement remains the correct thing. This is the
reason to check BRS
|Is This Answer Correct ?||17 Yes||2 No|
Answer / mohd rayees
Bank Reconcialation statement its mean we have to tally
company cash/ bank book with bank statement, if there is
not tally then we have to do BRS. (Mohd Rayees Cell:
|Is This Answer Correct ?||12 Yes||6 No|
Answer / ashwini m desai
IT IS THE PROCESS OF COMPARING & MATCHING FIGURES FROM THE
ACCOUNTING RECORDS AGAINST THOSE SHOWN ON A BANK STATEMENT
|Is This Answer Correct ?||5 Yes||1 No|
Answer / babhu kanchupalli
Bank reconsiliation statement is a statement which reconsilates the balance as per cash book and passbok....
|Is This Answer Correct ?||3 Yes||0 No|
Answer / yogendra.c
It is a statement prepare by the company to match the bank A/c prepare by the company with the Bank Records.
* know the status of Cheques deposited / Issued.
* know the info of unknown bank remittances or deductions
* Know Interest, and other details.
|Is This Answer Correct ?||1 Yes||1 No|
Answer / guest
Above question answer is I don't know please send me.
|Is This Answer Correct ?||6 Yes||8 No|
Answer / hemant
balance as per bank book and balance as per pass book
we tally as per the requirment
So ignore the diffrence of that we maintain the bank
and the BRC is another things
when ever we make the ant export of any thing on that what
the amount reliase then we have to take copy of bank
so for we iuuse the copy of bill what we have given to
party for that amounts
|Is This Answer Correct ?||1 Yes||4 No|
Answer / srikanth
brs means bank reconciliation
|Is This Answer Correct ?||1 Yes||5 No|
hi ,i need some suggestion,comptd my graduation in 2012,but i wasted my time for 6 month,just i want 2 escape from this question,what u did for 6 months,how can i give proper anser to them?pls suggest me
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