what do you mean by Bank reconcilation statement
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Answer / rohit satija
Bank Reconciliation Statement is prepared to reconcile the
difference between cash/bank book and pass book. The diff.
could bew due to some cheques not presented,deposits not
accounted for, bank charges, etc.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / sachin
Bank reconcilation statement:;;some time a company bank
book or cash book dosnt match" because ""
(1)when we issue a cheque at the time we debit in our books
but cheque takes some time (days) in clearing ..so it is
not debit in bank book.
(2)some time banks debit some bank charge which is not
bedit in our accounts.
(3) cheque deposit in to bank but not clear (but at the
time we credit it in our books...
so for tally the acccount we have to make a
statement called Bank reconcilation statement..
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / soosadimai
BRS is a list in various items that cause a difference between
bank balance as per cash book and pass book.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / jyoti panth
bank reconcilation is prepared by the accountant at the end
of every month where he get difference between the cash book
and pass book. after making b.r.s he can make the amt. equal
as per cash book with pass book or pass book with cash book.
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / debadutta samal
bank reconcilation means bank balance tally with your bank
book (which prepaired by you) both balance will be same.if
any diffrence showing then correct the same in your bank
book.
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / girish
Bank reconciliaion is nothing but matching the two data
base, eg. bank pass book with firms cash book. When ever we
issue the cheque that may present for payment on later date
but cash book showing less amount because check hasbeen
issed but bank balance is showing more because cheque not
presented for payment,here we should match the balance with
bank balance and cash balance. this is called
reconciliation.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / bhagya
BRS(Bank Reconciliation Statement) is a statement
prepared at periodic intervals to indicate the items which
cause disagreement between the balances as per the bank
column of cash book and pass book on any given data.
Similarity of balances b/w cash book & pas book can b
confirmed by accountant with the help of BRS.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / navnit kumar sinha
bank reconcilation is the part of accounting.because
without reconcilation we can not clear yours financial
statement.
hense we can said that bank reconcilation is
necessary to any firms.
| Is This Answer Correct ? | 3 Yes | 5 No |
Answer / kanhu charan karo
the bank reconcilation means the services of the bank is as
good services and satisfied to the customers are also
realiastic manners.
| Is This Answer Correct ? | 7 Yes | 17 No |
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