Why we are prepareing Bank Reconciliation Statements ?
Answers were Sorted based on User's Feedback
Answer / anand kumar s
The Object of preparing the Bank Reconciliation statement
is to know the difference Between company maintaing cash
book & the Bank Maintaing Pass book.
Is This Answer Correct ? | 61 Yes | 5 No |
Answer / imran sharif
to reconcil the bank statement with the our books of
accounts so which we can verify the statment of our accounts
Is This Answer Correct ? | 37 Yes | 6 No |
Answer / basavaraj
We prepare bank reconcilation statements to know the
balance between pass book and cash book. We will prepare
Bank Reconcilation Statement to make pass book and cash
book balance equal.
Is This Answer Correct ? | 14 Yes | 0 No |
We prepare bank reconcilation statements to know the
balance between pass book and cash book. We will prepare
Bank Reconcilation Statement to make pass book and cash
book balance equal.
Is This Answer Correct ? | 18 Yes | 7 No |
Answer / shiva
we prepare brs to know the difference between cash
book(bank column) and pass book balance
Is This Answer Correct ? | 3 Yes | 0 No |
Answer / prasad
we prepare bank reconciliation statement with compare bank
statement and bank daybook because of any customer directly
deposited our account and bank charges, bank interest and
any clericle errors of payments,receipts wrongly posting.
Is This Answer Correct ? | 3 Yes | 1 No |
Answer / nick thomas
we are preparing BRS to keep track that bank balance in our
book and bank statement are in line,It also helps us in to
know whether any chq issued or Deposited is uncleared (6mths
ofr payment and 8 days for receipts).so that we are able to
know that any of cheque is still uncleared.
Is This Answer Correct ? | 4 Yes | 3 No |
BRS is show the differences between Bank Statement and our a/c , it specially shows bank interest & charges.
Is This Answer Correct ? | 2 Yes | 1 No |
Answer / x8
the disagreement of Balance as per firm's Accounting records with the Bank statement it needs to Reconcile between the Balance as per cash book with the bank statement
Is This Answer Correct ? | 1 Yes | 1 No |
Answer / kiran kumar
BRS is nothing but it is prepapring the cash book and pass
book balance.it is using both equal to the satement.eathier
deposit or collecting or with draw also.
Is This Answer Correct ? | 1 Yes | 5 No |
What is the mean of internal audit?
What is meant by Perk?
in trial balance if there is PROVISIONS given under the heading current liabilities then where will its effect be ??
IF THE COMPUTER PURCHASED ON SEPTEMBER AND JANUARY AND DECEMBER THEN HOW MUCH PERCENTAGE WE HAVE TO CALCULATE ?
what is mat calculation ?
What is a deffered revenue & deffered expenses ? what is a means of accured revenue & accured expenses? before & after
2 Answers Renault Nissan, TATA,
Did you apply for any other big 3 companies?
How to do ledger scrutiny of income items in a profit and loss account?
What is pr ? why it is prepared and what is its purpose ? who is responsible for preparing it ? And on any fault in it who is liable ? And what will happen if fault comes ?And What are major reasons of fault ?
What are your primary responsibilities in Accountant employment
What duty to auditors and independent examiner have to report problems to the Commission ?
if bill has came for payment for car repair purpose in bill they mentation total parts value is 21000 and labour 13000 with total of 34000 inthat on parts vat is include so we have to deduct tds u/s 194c @2% on full amount of 34000 or not(bill is single for whole 34000 purpose_
3 Answers Maruti Suzuki, Thermotech Engineers,