What is the meaning of bank reconcilation statement (brs)???

Answer Posted / sangeetha g

BRS is comparison of Cash book and bank stmt (pass book).
We have to reconcile the bank stmt with our cash book for
the specific period. It contain opening balance, deposit,
payments & Bank charges /Interest.

Is This Answer Correct ?    151 Yes 14 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what type of a/c these accounts are are tey real, nominal or personal (1)realisation a/c (2)new company a/c(3)equity share holders a/c

1802


Give me the asset revaluation (at the time of asset value increase & decrease) journal entrys?

1662


From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.

2554


as per partership firm TDS receivable at the end of goes to partners current account, but at the multinational company how pass TDS entry pass, where is it is goes

3272


example of aptitude ns

982






what is purchase tax in rajasthan.

1575


Expand-------SNAT

1509


Expand-------NBTA

1655


can you define exogenity endogenity both terms are from economics both are different from exogenous & endogenous variables. I can not find the answers. please help if you can....

1768


while doing work in dolphin software when credit note is given by supplier to purchaser then purchaser is debited supplier account so on credit side which account is coming which account should be credited

1633


what is leverage n detail and tpoes of leverage with iagram?

1722


how to pass journal entry or where to show forein transaction reserv in Bal sheet. pls explain basic

1602


What is DRA in bank reconciliation.

1487


after payment of interest of a loan account by using credit note voucher in tally 9........don't anyone thinks that we have to adjust the cash account by passing cr entry on journal for interest payment...

1542


interest paid comes under which head

1032