What is the bank reconciliation and simple explanation of BRS.

Answer Posted / yogendra.c

BRS:
----
It is a statement prepare by the company to match the bank A/c prepare by the company with the Bank Records.


Objectives:
-----------
* know the status of Cheques deposited / Issued.
* know the info of unknown bank remittances or deductions
* Know Interest, and other details.

Is This Answer Correct ?    1 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Do you think there is any difference between inactive and dormant accounts?

731


HI I AM WORKING IN A INTERIOR DESIGNING COMPANY.WE ACTUALLY GET PROJECTS FROM CLIENTS & WE SUBCONTRACT THE WORK WE USUALLY SUBCONTRACTS THE SUPPLY OF LABOUR & SUPPLY OF MATEIALS TO SUBCONTRACTORS.WE DONT HAVE LABOURS OF OUR OWN & ALSO PRODUCTION OF MATERIALS.HOW CAN I TREAT THIS IN TALLY IS THERE ANY OPTION AVAILABLE IN TALLY FOR SUBCONTRACTING OR SHALL I ENTER THE NAME OF SUBCONTRACTORS AS SUNDRY CREDITORS AS WE DO USUALLY IN TALLY.PLEASE DO LET ME KNOW ABOUT THIS 0554125475 IS MY NUMBER

1626


can any one tell what is the selection proces in cognizant for MBA finance

6517


pass journal entry for Prepaid insurance

1177


What are the major components of country's trade account?

2506






bank releted question interviw plz tel me

2018


A company purchase goods Rs.2000/- & input vat received rs.100/- but at the time he sold goods 1000/- as a sales & 1000/- as a sock transfer. plz tell me how much take input claim in this case.

1741


How will I post entries to Tally If I purchased a Car in Loan. The principal Amount = 62930 Interest = 6846 Total = 69776 We have to pay Rs 1191 every month for 4 years which include Principle amount and interest. how can I post the monthly entries to tally

25229


Mention what is bank reconciliation?

752


What is a comprehensive income?

631


What is Bank Reconciliation Statement? How to calliculate in tally erp9.0?

1920


In which ways is math used in accounting

593


sir, i want t know, i got a cheque frm sindhu (that amount i gave her as rent advance, she is returning nw) bt the cheque has cancled and bank take cheque return charges so plz give this journal entries.

898


PLZZZZZZZZZZZZ HELP ME FOR THE PREPARATION OF TEST JR.EXECUTIVE (ADMIN)IN ATM IAM APPEARED 1ST TIME IN THIS TEST MY TEST CENTER IS RAWALPINDI MY CONTACT NO IS 03338907330

4552


Define and distinguish between flexible and floating exchange rate system. What kind of exchange rate system does china have?

3302