what do you mean by Bank reconcilation statement
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Answer / rajesh sharma
Bank Reconciliation Statement (BRS) is a statement reflect
the cause of the difference between balance of our accounts
in Bank as well as bank balance in our books.
| Is This Answer Correct ? | 11 Yes | 3 No |
Answer / murali
it is a statement which is made by accountant by the end of
every month to show differences between pass book and cash
book, for ex: interest not shown, bank cheque bounced, not
credited, etc.
| Is This Answer Correct ? | 8 Yes | 1 No |
the balance of cash as per company cash book and pass book
should always be equal but due to some reason it may not be
equal,in this case bank reconcilation statement is
prepared.it helps to find out the causes of differences
between cash book and pass book.
| Is This Answer Correct ? | 8 Yes | 2 No |
Answer / navnit kumar sinha
A bank reconciliation statement is a statement prepared by
organizations to reconcile the balance of cash at bank in a
company's own records with the bank statement on a
particular date.
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / letlhogonolo mhokeng
for some reaons the balance as per the cash book may not be
equal to that of a bank statement.since they are all used
to record the same transactions of the a particilar
business they are supossed to be the same at any time,so it
precisly for this reason a bank reconciliation statement
drawn to bring the balances of the said documents into
agreement.
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / getachew
bank reconcilation is to reconcil cash book balance equal
to cash bank balance statement.
| Is This Answer Correct ? | 5 Yes | 2 No |
Answer / spsiva.mba
It is a Statement, which reconciles the balance as per the
cash book and the balance as per the pass book showing the
causes of difference between the two.
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / natesh
BANK RECONCILATION STATEMENT.
BANK RECONCILATION STATEMENT IT IS A STATEMENT TO
RECONCILE THE STATEMENT OF THE BANK BALANCE AS PER THE CASH
BOOK WITH THE BANK BALANCE AS PER THE PASS BOOK.
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / dijendra
Bank reconcilation statement explain that why there is a
difference between balance shown by the pass book and the
shown by the cash book on a particular date.
reasons:1. chq issued but not yet presented for payment
2. chq paid into bank but not yet cleared
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / e. sivakumar
It is Statement of Classified into Cash Book and the Pass
Book
| Is This Answer Correct ? | 3 Yes | 2 No |
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