what is bank reconciliation statement
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Answer / bharat bhushan sachdeva
Bank Reconciliation statement is a statement prepared on a
particular date to reconcile the difference between the
balances shown by bank pass book and Bank column of cash
book and after finding those causes for the differences
between the balances of both the books these balances are
eliminated to maintain proper records.
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / dattatreya
it is a statement containing add and less....it is prepared
to show the difference between pass book and cash book.
it has overdraft, favourable and unfavourable methods.
| Is This Answer Correct ? | 9 Yes | 4 No |
Answer / manoj moolya
BRS is to reconcile the balance between bank column cash
book with pass books i.e customer account.This statement is
prepared every month.
| Is This Answer Correct ? | 6 Yes | 2 No |
Answer / kartikk.050
BRS IS STATEMENT PREPARED TO RECONCIL THE BANK BALANCE AS
PER THE CASH BOOK WITH THE BANK BALANCE AS PER THE PASS BOOK
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / pavan kumar bpm
Bank Reconcilation Statements are prepared on daily,
monthly, quarterly as per the organisation requirment for
analysis of cash flow in the organisation.
Bank reconcilation is done between bank statement and cash
book statement to assertain the differences between both as
on particular date.
differences might be 1)Bank charges 2) cheque issued but
not cleared 3)cheque deposited but not cleared 4)intrest on
savings account 5)ECS receipts and payments.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / arun kumar gupta
Bank Reconcilation is a statement by which we can come to
know the reason of amount difference between to Accounts
(may be bank & Pass book or debtors/Creditors & Our account)
as on a specific date for a specific period
| Is This Answer Correct ? | 5 Yes | 3 No |
Answer / richard maina
It is the statement prepared to reconcile the differences
between bank column in cashbook and bank column in
statement prepared by bank relating to a particular period
in time.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / sarvesham
BRS is a statement which contains a complete and
satisfactory explanation of the differences in balance as
per the cash book and bank statement(pass book)
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / saket panihar
Bank Reconciliation Statement is a statement prepared mainly to reconcile the difference between the bank balance shown by cash book and pass book.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / chandu
brs is statement, the statement which gives complete and satisfactory explanation between pass book and bank book balances.
| Is This Answer Correct ? | 0 Yes | 0 No |
Give some reasons for disagreement of the balances between cash and pass book.
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