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what is bank reconcilietion

Answers were Sorted based on User's Feedback



what is bank reconcilietion ..

Answer / amjad hussain

it is a statment show diffrence between cash book and bank
pass book.

Is This Answer Correct ?    24 Yes 6 No

what is bank reconcilietion ..

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

what is bank reconcilietion ..

Answer / chandrashekhar

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

what is bank reconcilietion ..

Answer / k kiran kumar

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

what is bank reconcilietion ..

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

what is bank reconcilietion ..

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

what is bank reconcilietion ..

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

what is bank reconcilietion ..

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

what is bank reconcilietion ..

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

what is bank reconcilietion ..

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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