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what is bank reconcilation?
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Answer / durga bhavani
bank reconciation is a statement every individual person
or company prepare this statement this statement . it is
useful to matching the passbook and cash book avaliable
balance and this statement is useful to find out exact
balance if any mistake was arraised we can easily find
out through this statement
| Is This Answer Correct ? | 14 Yes | 0 No |
Bank reconciliation is a statement that is prepared in some
intervals like monthly, for showing the causes of why there
is mismatch between cash book and pass book.
The examples for Mismatch are:
Cheques issued but not cleared, cheques deposited but not
credited, interest on deposits which is credited by bank but
co. don't know, monthly expenditure which is paid through
banks but co. don't know, cheques deposited by outsiders and
credited but co. not having the information etc.
| Is This Answer Correct ? | 14 Yes | 0 No |
Answer / rajesh
bank reconcilation statement is a statement to reconcile
the bank balance as per cash book with bank balance as per
pass book
| Is This Answer Correct ? | 9 Yes | 0 No |
Answer / munawar
Bank Reconciliation account
BRS is the reconciling the balance of cash book and the bank
book
cash book is the book which the company have.the balance of
cash book can be seen in the books of prime entry that is
subsidary book.
the pass book is the book which is given by the bank.when
the pass book is updated in the bank, through that balance
the brs is done.
there may be differences in between the balances of pass and
cash book due to many reasons..examples are
bank charges
cheque issued but not depostied in the bank
direct deposit of the cash in the bank and many more...
therefore to acquire the differences between cash and bank
book the BRS is done.
thanks
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / ajaz
Bank reconsilation is a process in which the transactions
initated by branch A on branch B is reconsiled and the
entries washed out i.e branch A issues a draft on branch B
of same bank the head office of both branch affacted now
when branch B pay the drafts it send all entries to IBR
Deptt they reconsile it when both entires mached it mean
there is no pendig entry on /A TO B.
| Is This Answer Correct ? | 2 Yes | 3 No |
Answer / nikhil badaya
Simply bank reconciliation is just cheque bank entries
through bank statement to our statement. & in this we find
any discrepencies than resolve it by particular documents.
| Is This Answer Correct ? | 1 Yes | 3 No |
Answer / pisey
Bank reconcilation is reconcile between bank and company,
which reconcile on the book balance and the bank balance,
because sometimes the company write to cheek to his
customers, so that is doesn't record in the bank. Bank
reconsilation help this..
| Is This Answer Correct ? | 0 Yes | 2 No |
Answer / rajesh jha (+919958436171)
The Bank reconciliation statement is Just cheque a Cash
book balance & Passbok Balance
| Is This Answer Correct ? | 0 Yes | 3 No |
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