what is BRS? How to prepare it?
Answers were Sorted based on User's Feedback
Answer / m. maruthi
Bank Reconciliation Statement is the statement which is prepared in order to Reconcile (adjust) the differences arising between the bank balance in the cash book and bank balance in the pass book.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / ameet narayankhedkar
A Bank reconciliation is a process that explains the
difference between the bank balance shown in an
organization's bank statement, as supplied by the bank, and
the corresponding amount shown in the organization's own
accounting records at a particular point in time.
| Is This Answer Correct ? | 5 Yes | 4 No |
Answer / nanda anilkumar pujar
Bank Reconcilation means reconcilation of book balance with
the bank balance.Eg. Cheques issued and debited in books of
accounts but not presented to the bank.
| Is This Answer Correct ? | 2 Yes | 2 No |
Answer / sunil kumar
Bank reconcilation statement
When will the bank balance and pass book balance showing at that time the the brs was prepared for example chaque was draw by bank but the bank was credited by after 2&3days but the thinks my balance credits at that time
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / bhaskar kaliyaperumal
BRS is a comparing the Company's bank account with the
Banker's statement. Some time Company's bank account balance
does not match to the Banker's account balance. So you need
to find the difference between the two accounts.
| Is This Answer Correct ? | 0 Yes | 0 No |
what is service tax
What is ppe in accounting?
Explain Sundry Debtors and Sundry Creditors.
17 Answers SVE Drilling Tools,
1.an Asset costs $ 10,000 and has a net book value of $ 100, and an estimated life of ten (10) years, what would be the annual depreciation using the straight line method?
in terms of accounting the trial balance when is it taken?
WE PURCHASED ONE ASSET,HOW CAN WE CALCULATE EXCISE DUTY,VAT,SERVICE TAX?[IN CASE OF SELLING PURPOSE OR OWN PURPOSE].SHALL WE CLIME CREDIT ON THAT?THEN HOW?
Aptitude Test Questions
If cheque issued for 1400/- and recorded as 1900/- how do we rectify this error.
What is PBG & ABG in term of Contract for supply?
2 Answers ITP, JDM Pharmatech, Jubilant Organosys,
what are the processes of account reconcillation
what is "goodwill" reserve and surplus and reserve with example
How to calculate PF with example
18 Answers manappuram, Meta Arch, The Chennai Silks,