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what is reconsilation@
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Answer / raman kumar
Bank Reconsilation statement is the statement in which we
have to reconcile the two balance's balance as per cash
book and balance as per bank pass book.The purpose of
preparing such a statement is to find out the cause of
difference betbeen two balance's and pass correcting and
adjusting entrie's in the books of firm.
| Is This Answer Correct ? | 10 Yes | 2 No |
Answer / murali royal
Finding the reasons between cash book and poss book is called
as reconsiliaton as per BRS. Bank reconsiliation statement.
| Is This Answer Correct ? | 6 Yes | 2 No |
Answer / swarna kumari
reconciling the balance as shown by the bank passbook and balance as shown by the cashbook.Purpose of BRS is to know the difference and make adjustment entries.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / syed nazare mehdi
reconciliation is nothing but it is the difference between
two balances which are cash book and pass book .this
transaction mainly done between bank and customer .the main
purpose to create brs is to make both cash and pass book
balances are equal.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / supriya chavan
BRS is Bank Reconciliation Statement prepared to find out difference between bank book in company's accounting software and bank pass book because of delay cheque clearance by banks and to match the balances of bank book and pass book at month end.
| Is This Answer Correct ? | 0 Yes | 0 No |
i received cheque from the customer and deposited in bank please tell me the both entries in tally
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