Answer / sambhu

Bank reconcile statement

Answer / dipayan dey

Bank reconcilation system. A bank reconciliation statement
is a statement prepared by organizations to reconcile the
balance of cash at bank in a company's own records with the
bank statement on a particular date. Bank Reconciliation
Statement process is being outsourced to professional
accounting firms by large organizations. This helps them
have an accurate view and also ensure that the company's
bookkeeping is good. Accounting firms make monthly
reconciliation statements for clients and help them
determine any discrepancy.

Answer / bhushan

BRS (Bank reconciliation statement) is the statement
prepared to Reconcile the balance of bank a/c as per books
and the balance as peer the bank pass book. Generally the
balance as per accounts book and as per the bank pass book
differs. and the reason for this are as follows.

1.Cheque issued & entered in the accounts but are not
presented to the bank and hence not reflected in the pass
book/Bank statement

2. Cheques received recorded in the books but not yet
cleared hence not reflected in the bank pass book

3. charges charged by the bank reflected in the bank pass
book but as these are not knowned to the accountant hence
not reflected in the accounts.

4. payments diredctly made by the bank reflected in the
pass book but not entered in the account books.

5. amounts directly received by the bank by fund tranfer
etc. but not yet recorded in the books of accounts etc.

so to find out such reasons of differnce reconciliation is
made.

Answer / kiran negi

BRS is Bank reconcilation statement.

Answer / m.prem kumar

Bank reconciliation statement

Answer / bahar

Bank reconciliation mean it can help to detect the mistake
either it happened in cash book or pass book and it is easy
to find out any fraud.

is we should taken the cl or op. stock in trail balance

2 Answers  

previous year tax adjustment (i.e. short/excess provision) on completion of its assessment in current year should be shown in p&l a/c or p&l appro.a/c?

1 Answers  

What is the three golden rules in Accounts ?

7 Answers   Genpact,

Companies formed by letters patent?

1 Answers  

Tell me which accounting application you prefer most and why?

0 Answers  

recently watched film narret the story.

1 Answers   FactSet Systems, HCL, JPMorgan Chase,

what do you mean by derivative ?

4 Answers  

wt is a/c

3 Answers  

I have transferred the Plant & machines to our Branch which are located in other state. plz told me how can i show the Machin stk trfr amt in return?

0 Answers   Carlton,

what is the pecentage of sale tax

2 Answers  

what points we can tell in the self introduction round?

2 Answers  

how to prepare trial balance?

1 Answers