Follow Our FB Page << CircleMedia.in >> for Daily Laughter. We Post Funny, Viral, Comedy Videos, Memes, Vines...


WHAT IS BANK RECONSILAION STATEMENT?

Answers were Sorted based on User's Feedback



WHAT IS BANK RECONSILAION STATEMENT?..

Answer / h.r. sreepada bhagi

It's the statement prepared periodically to make note of the
transactions that cause difference between the balance as
per the books of the company & the bank statement.

There may be some transactions entered in company's books,
but not appearing in the bank statement or vice-versa.
Necessary entries have to be passed in the books to account
any transaction that's left out by oversight or correction
of entries, if any entries are missing. This will also help
in noticing & taking necessary action, if the bank has
committed any mistake or entered any unrelated transactions.

BRS can be prepared daily, weekly or monthly depending up on
the volume of transactions.

Is This Answer Correct ?    27 Yes 0 No

WHAT IS BANK RECONSILAION STATEMENT?..

Answer / raghavendra acharya. hattianga

Bank Reconsilation statement is the Statement which is
prepared to recocle the Bank statement as per cash Book of
company and Bank statement as per Pass book.

Is This Answer Correct ?    3 Yes 3 No

WHAT IS BANK RECONSILAION STATEMENT?..

Answer / pramod ingle

Bank Reconsilation statement is the statement from which we
know the situation of our bank and our cash book.
Bank Reconsilation is exactly when we done transaction
with bank and we done a entry in our accounts book that
means our bank and cash book are same if any mestakes is
accoure in bank book or cash book then from bank
reconsilation we know where is the problem and from this we
know the the mistakes. Bank reconsilation means the
correction of entries in bank or cash book.

Is This Answer Correct ?    1 Yes 2 No

WHAT IS BANK RECONSILAION STATEMENT?..

Answer / janvi sangle

bank reconsilation statemnent is a comparision of bank
account record in tally with Bank account balance.

Is This Answer Correct ?    0 Yes 2 No

WHAT IS BANK RECONSILAION STATEMENT?..

Answer / siva krishna

The statement in which Bank Reconsilation is done is
Bank Reconsilation Statement.

Is This Answer Correct ?    3 Yes 11 No

Post New Answer



More Accounting General Interview Questions

audit under section and penalty under saction scurtiny under saction

0 Answers  


what is cost center & cost categories in tally

0 Answers  


Diffeence between cash book and cash account?

1 Answers  


What is Amalgamation?

4 Answers  


what is golden accounting rules

3 Answers   HCL,






Profit or loss on revaluation is shared among the partners in _______ ratio. (a) Old Profit Sharing. (b) New Profit Sharing. (c) Capital. (d) Equal.

3 Answers  


What is the meaing of holding Holding company?Give one example?

3 Answers   Capital IQ,


What does the abbreviation dr mean in accounting?

0 Answers  


The main financial accounting statements?

0 Answers  


goods sold to mr x of rs5000/-,out of that we give him discount allowed of rs 500/-,and we take setting charges of rs1000/-.so what will be the entry?

6 Answers  


what is the primary of for-profit organisation

0 Answers  


what is difference between rebate and discount? generally in bill of exchange accounting

1 Answers  






Categories