what is bank reconciliation?what is reconciliation of
account and what type of accounts maintain in colleges?

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what is bank reconciliation?what is reconciliation of account and what type of accounts maintain in..

Answer / barun

bank reconcilation is way to find out outstanding balance
for any A/c is match with the amount you spand these two
value must match at the end of transection.

confused......

ok
example-you have icici bank A/c-you deposit -rs 1000
next day you withdrawl 300
next day deposit 500
again next day withdrwl 1000
at the end of month outstanding balance=total(deposit)-total
(withdrowl)
i.e os balance=(1000+500)-(300+1000)=200

at the end of month bankers cheking the amount with bank
statment it is correct or not with your a/c.
ie is reconcilation.

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what is bank reconciliation?what is reconciliation of account and what type of accounts maintain in..

Answer / raju

BRS means comparing the balance between banks &
companys/offices to know the actual status of financial
condition as well as to know the balance available to the
a/c holder comparing to bank is whether correct or not..

Is This Answer Correct ?    3 Yes 1 No

what is bank reconciliation?what is reconciliation of account and what type of accounts maintain in..

Answer / rahul dev

BRS means the valuation of Cash balance and pass book.

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