WHAT IS BANK RECONSILAION STATEMENT?
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Answer / h.r. sreepada bhagi
It's the statement prepared periodically to make note of the
transactions that cause difference between the balance as
per the books of the company & the bank statement.
There may be some transactions entered in company's books,
but not appearing in the bank statement or vice-versa.
Necessary entries have to be passed in the books to account
any transaction that's left out by oversight or correction
of entries, if any entries are missing. This will also help
in noticing & taking necessary action, if the bank has
committed any mistake or entered any unrelated transactions.
BRS can be prepared daily, weekly or monthly depending up on
the volume of transactions.
| Is This Answer Correct ? | 27 Yes | 0 No |
Answer / raghavendra acharya. hattianga
Bank Reconsilation statement is the Statement which is
prepared to recocle the Bank statement as per cash Book of
company and Bank statement as per Pass book.
| Is This Answer Correct ? | 3 Yes | 3 No |
Answer / pramod ingle
Bank Reconsilation statement is the statement from which we
know the situation of our bank and our cash book.
Bank Reconsilation is exactly when we done transaction
with bank and we done a entry in our accounts book that
means our bank and cash book are same if any mestakes is
accoure in bank book or cash book then from bank
reconsilation we know where is the problem and from this we
know the the mistakes. Bank reconsilation means the
correction of entries in bank or cash book.
| Is This Answer Correct ? | 1 Yes | 2 No |
Answer / janvi sangle
bank reconsilation statemnent is a comparision of bank
account record in tally with Bank account balance.
| Is This Answer Correct ? | 0 Yes | 2 No |
Answer / siva krishna
The statement in which Bank Reconsilation is done is
Bank Reconsilation Statement.
| Is This Answer Correct ? | 3 Yes | 11 No |
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