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what is bank reconcilietion
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Answer / amjad hussain
it is a statment show diffrence between cash book and bank
pass book.
| Is This Answer Correct ? | 24 Yes | 6 No |
Answer / ashok motiani
BRS is generally prepared to reconcil balance between books
maintained by bank and the books maintained by us, which
does not tally due to cheques which are issued but not yet
presented in bank for clearance i.e, payment which is
debited by us but not credited by the bank.
| Is This Answer Correct ? | 17 Yes | 0 No |
bank reconcilation means to check the balance as per our
bank ledger book & actual balance as per bank.
| Is This Answer Correct ? | 9 Yes | 1 No |
BRS is a statement which is prepared to know the reasons
for disagreemant of cash book and pass book.
BRS is even prepared when both the
balances of cash book and pass book are equal and opposite
| Is This Answer Correct ? | 9 Yes | 4 No |
Answer / nibedita saha
BRS Stands for Bank reconcilation statement which identify
the difference between cash book & pass book.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / sandeep gupta
BANKS REC.STATEMENT BASICALLY RECONCILE THE BANK STATEMENT
WITH BANK BOOK(MADE BY THE COMPANY)
SANDEEP GUPTA
MOB NO 9910396673
GHAZIABAD.UP.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / sugata
If there is any difference between the balance as per cash
book and pass book( i.e. book maintained by the bank), then
we prepare a statement to reconcile the balances is called
Bank Reconciliation statement.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / suman
Bank reconcilietion is a statement which is ment to prepare
to know the differences of amount that was being between
the cash book and bank balance that we are using during the
month
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / dharmender
bank reconcilietion is a statement which gives complete
satisfactory explanation for the difference between cash
book balance and passbook balance.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / chandu
bank reconsilation means finding the reasons for the differences between pass book and bank book and reconsiling both balances.
to do reconsilation two books are compulsary.
| Is This Answer Correct ? | 1 Yes | 0 No |
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Short Answer on _________Business
The following Trial Balance was extracted from the books of Chetan.Do you think that it is correct? If not,rewrite it in the correct form. Debits Rs Credits Rs ------------------------------------------------------------ Stock |8250 | Capital |10000 Purchases |12750 | Sales |15900 Returns outward |700 |Returns inwards |1590 Discount received|800 |Discount allowed |800 Wages & salaries |2500 |Scooty |1750 Rent and rates |1850 |Carriage charges |700 Sundry debtors |7600 |Sundry Creditors |7250 Bank Overdraft |2450 |Bills payable |690
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