BY WHOME THE BANK RECONSILIATION STATEMENT IS PREPARED
Answers were Sorted based on User's Feedback
Answer / somesh
The bank Reconcilation statement is prepared by the
coustomer and not by the bank. It is prepared
periodically , usually at the end of every month.It enables
the customer to check the accuracy of the entries made in
cash book and pass book. it helps the customer to keep a
track of cheques sent to bank for collection but not
cleared and cheque issued but not presented for payment.
(friends this is correct answer.)
Is This Answer Correct ? | 21 Yes | 3 No |
Answer / mahesh
Actually BRS ( Bank reconsiliation statement) to be
prepared by the Accountant of the organization but the
seniors of the Accounts department also responsible for the
same and he has to be make chenges if there is any mistakes.
Is This Answer Correct ? | 13 Yes | 1 No |
Answer / narasimhulu
See normally bank reconsiliation statement done who is the
in charge of company that people only do the job i.e.
Accounts executive, senior accountant and Accounts manager.
Is This Answer Correct ? | 10 Yes | 2 No |
Answer / laxman
Bank reconsiliation statement means reconsil of pass book
and cash book, pass book is maintained by banker and cash
book is maintain by Accountant.on this when the reconsil is
need that time the company accountant will get that pass
book by banker and verify it with his cash book finally the
BRS statement is prepared by accountant of the company.
Is This Answer Correct ? | 6 Yes | 1 No |
Answer / tushar
The bank reconsiliation is prepared by Accountant .
Is This Answer Correct ? | 7 Yes | 4 No |
If an overpayment (more than was paid) was posted on a statemnt, can I just make a debit note on the account with the difference? Example Customer had to pay me R 10 000 Payment on his statment was passed for R 15 000 Can I make a debit note with the dif of R 5 000, to rectify the account for the specific month?
Why Copyrights,patents,goodwill etc.etc. falls under real account and not nominal or personal account? I know anything which affect trading & Profit & Loss accounts are nominal accounts.And the above do not affect the Trading or P/L accounts but on the other hand they are intangible and neither can they fall under real accounts as Real accounts are those that are not personal and they are tangible. Again in another way if we see, Patents, Copyright ,Goodwill etc. etc. kindoff acts as a representative of a person or a company like in the same way as a Bank or Company name,so they can they not fall under Personal Account??
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