bank reconciliation statement is a statement it contains a
complete & satidfactory explanation as per bank book as per
cash book is called as bank reconciliation statement
brs means bank reconciliation statement. we confirm our
bank tranctions with bank statements and we tally the our
transcitons with bank statements. when will the bank balnce
and our company book balnce are matched in that time brs is
completed. while brs is not tally with our books brs is not
completed.
brs means " bank reconciliation statement , the statement
which contains complete and satisfactory expanations for
the diferences between cash book and pass book.It prooves
only cash book balances.
brs abbrevation is Bank Reconcillation Statement, it means
the differences between cash book and pass book, the
payments are entered on credit side in cash book from the
bank point of view and the deposits are entered on debit
side in cash book from the bank point of view. When
deposits are more than withdrawals, then it is called
Favourable balance, and whereas withdrawals are morethan
deposits then it is called bank overdraft. In case of Bank
Overdraft, the cash book shows credit balance and the pass
book debit balance and in case of favourable balance, the
cash book shows debit balance and pass book shows credit
balance.
brs stands for bank reconsilation statement, the statement which gives complete and satisfactory explanation between pass book and cash book bank column.
Bank Reconcilation Statement.
it give us the idea about how much is the balance in our
account, how much cheques we have issused which are yet not
presented in bank & how much cheque we have received which
are yet not cleared .
brs means bank reconsilation statement this statement shows
the diference between bank book and passbook some errors are
find. so this useful to balance sheet.
Bank reconcilation statement.
Process of making sure of your bank satement,cash book and
bank book journal or day book all are agree. usually
prefarmed at the end of each month.
If we were to call your current supervisor, in which area
of accounting would he or she say is your strongest? Which
area would he or she say is your weakest?