What is the Purpose of Preparing Bank Reconciliation
Statement?

Answer Posted / prabhavthy

The purpose of preparing BRS is to know the actual balance
in bank book. For that we have to compare the bank book and
company book.And major things is to ascertain the fund flow
for the company.Based on that balance the will issue the
cheques.. The BRS carried out for 1st week of every month.

Is This Answer Correct ?    2 Yes 4 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is the difference between cfa and csa?

9680


What knowledge should financial accountant have?

676


WRITE ABOUT ANY 1 "WOMENS ARE BEST MANAGEMENT PERSON" "IF UR FINANCE MINISTER OF INDIA" "V R RESPONSIBLE FOR OUR ENVIRONMENT"

1885


What is the use of accounting?

629


can i direct payment made t code f-53 to bsnl agst telephone exp.? or 1st create a/c.of bsnl and book in fb60 then payment made whose correct?

1531






What is meant by daily accrual and booking?

641


in what circumstances it is mandatory to calculate the goodwill.

1256


In the absence of any provision in the partnership agreement, profits and losses are shared (a) In the ratio of capitals. (b) Equally. (c) In the ratio of loans given by them to the partnership firm. (d) None of the above.

1895


Mr. A purchased a machinery costing Rs. 1,00,000 on 1st October, 2005. Transportation and installation charges were incurred amounting Rs. 10,000 and Rs. 4,000 respectively. Dismantling charges of the old machine in place of which new machine was purchased amounted Rs. 10,000. Market value of the machine was estimated at Rs. 1,20,000 on 31st March 2006. While finalising the annual accounts, A values the machinery at Rs. 1,20,000 in his books. Which of the following concepts was violated by A? (a) Cost concept (b) Matching concept (c) Realisation concept (d) Periodicity concept.

1569


if any otion in tallyerp9 version about doing Luxury tax work

1645


Unrealised profit will be debited to ?

1431


What is a ledger?

614


What are the advantages of double entry system?

635


What are the items that are to be debited in accounting and what are the items that are to be credited in accounting?

818


i want to wearies heads under direct expenses and indirect expenses

1494