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about bank reconciliation
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Answer / kuldeep pandey
Clossing Balance as per our Books *******
Add: Cheque issued but not presented *******
Cheque credited but not recored our book *******
Less: Cheque deposited to bank but not credited ********
Clossing balance as per bank statement *******
| Is This Answer Correct ? | 12 Yes | 0 No |
Answer / govind
It is reconcilation between the amount of balance as per
Cash book and pass book.
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / bharathi
BANK RECONCILIATION IS NOTHING BUT MATCHING THE BALANCES
BETWEEN BANK PASS BOOK AND COMPANIES BANK BOOK / OR IN
OTHERWORDS ARRIVING THE DIFFERNCE BETWEEN BANK BOOKS & BANK
PASS BOOK - TO KNOW WHICH CHEQUES ARE YET TO BE PRESENTED
IN THE BANK AND WHICH CHEQUES ARE CLEARED / RETURNED BY THE
BANK
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / pollitirumaleswarareddy
It is a statement reconciling the balance as shown by bank
passbook and balance as shown by cash book. The main
objective is to know the difference and pass necessary
correcting , adjusting entries in books.
The following are the reasons for difference is
1. Outstanding Checks
2. Deposits in transit
3. Service charges etc.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / k jagannath reddy
BRS is a statement of reconcile the balance between cash book and bank book balances.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / anamika sheoran
bank reconciliation is camparing and maching our account
recdord and bank statement issued by bank. its anayse the
diffrence between bank statement and our account recdord
| Is This Answer Correct ? | 1 Yes | 0 No |
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