Bank reconcliation statement.
- 11 Answers
- 16820 Views
- Franklin Templeton, FT, HSBC, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / ramesh punniyakotti
A bank reconciliation statement is a statement prepared by
organizations to reconcile the balance of cash at bank in a
company's own records with the bank statement on a
particular date.
| Is This Answer Correct ? | 43 Yes | 2 No |
Answer / knareshmba
It is a statement to identify exact balance in the bank.
ANALYSIS BETWEEN THE BANK BOOK AND PASS BOOK.
Finally we can find the BRS in
1) Cheques issued but not cleared
2) Cheques deposited but not credited
3) Bank charges.
4) Un known credits and debits.
| Is This Answer Correct ? | 31 Yes | 8 No |
Answer / ullas patil kulkarni
BRS is an Statement which is prepared to find the differnce
amount in the cashbook and passbook, it can be prepared by
both Bank and individuals who maintain cashbook.
It reconcile the diffrence amount,due to the late entry
made in the books.
| Is This Answer Correct ? | 14 Yes | 6 No |
Answer / prashanthi
bank reconciliation statement means to reconcile the
difference between the bank book and the cash book
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / kishore
Brs is a statement which provides complete and satisfactory
explanation regarding the causes of differeces between cash
and bank balances.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / phani kumar
A bank reconciliation statement is prepared to reconcile the balances and explains the difference on a particular date, generally at the end of a period.some of the characteristics of the BRS as follows
1. The BRS has been prepared on a particular date, preferably at the end of the month.
2. The BRS is prepared essentially to as certain the reasons for disagreement of bank balances shown by cash book and pass book.
3. this statement has been prepared by the customer only. but not by the bank in any case.
4. this may be prepared to examine the mistakes committed in the passbook.
5. The BRS is prepared to find out exact bank balance.
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / venkat
BRS is a statement which is preprad to find the differntce
amount in the cashbook and passbook, it can be prepared by
both bank and individuals who maintain cashbook.
| Is This Answer Correct ? | 4 Yes | 3 No |
Answer / sripalreddy.s
It is a process of reconciliation with bank book to pass
book, end of the date the bank balace closing balace and
pass book balances will be same.if there is any differeces,
that differeces will be shown in bank reconciliation
statement.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / sunil kumar
the bank reconcliation statement is show different between
the pass book and cash the cash is maintain bank and the
pass book is maintain by customer.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / mallikarjunarao
the time lag refers to the time gap between the recording
of transactions in the cash book and pass book
a statement prepared by uncommon adustments of cash book
and pass book to find out the reasons of difference in the
balance as shown by the trader's cash book and banker's
pass book though the preparation of bank reconcliation
statement is not a pary of double entry system it is
prepared in the intrest of the management and accountant
| Is This Answer Correct ? | 3 Yes | 4 No |
what about case study
What is traditional Based Budgeting?
what is investment banking
0 Answers RBI, State Bank Of India SBI,
we can add the no. of increase in shares due to exercise of options,convertible debentures,warrants etc.Why diluted eps is calculated separately?
distinguish between Bill of Exchange and Promissory Note
What will be entry pass in tally if TDS paid by Credit Card.?
Expand ------UPCC
Expand--------ADCB
What are accounting standards?
Short Answer on ___________Fixed capital
What is semi variable expenditure and example?
EXPAND___________IMF
Audit 
