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What is the meaning of bank reconcilation statement (brs)???
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Answer / prajwal
It is a statement it is prepared by Customer and Bank as in
Cashbook and Passbook where in the balance between them do
not reconcile each other at a particular transaction...
| Is This Answer Correct ? | 13 Yes | 11 No |
Answer / abhishek k
brs is nothing but difference between cash book and pass
book total 18 formulaes to prepare a bank reconciliation
statement to rectify the errors both cash book and pass
book.
| Is This Answer Correct ? | 5 Yes | 3 No |
Answer / mohit aggarwal
brs show difference between two balance. we have matching the balance cash book with pass book
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / prabhash
To know the asper cash book banlance from cash book,and pass book balance on bank banlance diferances.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / naveed ahsan perliya
BRS is used to findout the difference between cashbook and passbook entries or to compare between cashbook and passbook.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / shankar
bank statement month end closing balance and branch ledger
month end closing balance subtract (- )the amount is will
show the some amount . next we prepare the b r s ..
| Is This Answer Correct ? | 3 Yes | 3 No |
Answer / samanth
brs is bank reconcilation statement bank pass and form cash book compared to the for the year ended pass book credit side deposit and recipts pass book debit side withdrawal and payment this balance equal to cash book statement
EX:pass book dr 200000 cr 140000
in cashbook posted 140000 dr its deposits 200000cr in cash book is payment EX:X
| Is This Answer Correct ? | 3 Yes | 3 No |
Answer / naveen
Bank reconcilation is nothing but previous months closing balance tally with our book .The check payment transaction made in last day or during the month but it is cleared in next month.We should reconcile the bank statement.
| Is This Answer Correct ? | 11 Yes | 18 No |
what is a reconcilation statement
expand B R S
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Expand ------APDDCF
From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.
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EXPAND______________PWD
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