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what is the bank reconcilation

Answers were Sorted based on User's Feedback



what is the bank reconcilation..

Answer / raghu.v

BRS

Matching between Our book and Bank book

Is This Answer Correct ?    20 Yes 1 No

what is the bank reconcilation..

Answer / aus.bel

Deposited cheaques passed and cash creadited to your a/c by date is recouncillation date

Is This Answer Correct ?    9 Yes 0 No

what is the bank reconcilation..

Answer / lakshika jain

BRS is the statement which is prepared at the end of the every month to reconcile the difference between passbook and cashbook on the particular date.In other words we can say that at the end of the month entries in the cashbook are compared with the entries of passbook,The causes of differences in balances of both the books are scrutinized and then reconcilation statement is prepared.

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