Interested to Buy Any Domain ? << Click Here >> for more details...
What is the bank reconciliation and simple explanation of BRS.
- 10 Answers
- 24248 Views
- CIO Review, I also Faced
- E-Mail Answers
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
Book.
Explanation:
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:
9908841874).
| 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
BRS:
----
It is a statement prepare by the company to match the bank A/c prepare by the company with the Bank Records.
Objectives:
-----------
* 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
Reconcilation
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
relisation certificate
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 |
Role-specific management accountant job interview questions:
REPORATE
For example for formation of a new company/offshore company you need to show paid up capital of 100K but you don't have 100K you as a director borrow loan of 100K from 3rd party and deposit in the bank as paid up capital and issued shares of 100K in director name. After one week you return back 3rd part loan. What are the entries in the books?
Hi sir, Our appointed one agent for sales promotion activities. This agent doing the job "canvas of our product". My quires 1)it is eligible for service tax and how to accounted. 2) this transaction is direct expenses or direct expenses? Pl suggest me
0 Answers Supraveni Chemicals,
What is the revenue recognition principle?
Difference Between Revenue & Capital Expenditure Give an Example of each ?
What is the distinction between cost accounting and management accounting?
for an inter branch bank transfer (sbi to sbi)what entries should we pass?
Explain what is liabilities and what all does include in current liabilities?
AFTER MY QUALIFICATION WHAT IS THE UNIQUE THING ABOUT ME THAT COMPANIES EXPECT?
Any body would tell me how to takeover withholding tax at the time of go live in sap fico
credit card expenses entry kisme pass karenge
Audit 
