Why we are prepareing Bank Reconciliation Statements ?
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Answer / anand kumar s
The Object of preparing the Bank Reconciliation statement
is to know the difference Between company maintaing cash
book & the Bank Maintaing Pass book.
| Is This Answer Correct ? | 61 Yes | 5 No |
Answer / imran sharif
to reconcil the bank statement with the our books of
accounts so which we can verify the statment of our accounts
| Is This Answer Correct ? | 37 Yes | 6 No |
Answer / basavaraj
We prepare bank reconcilation statements to know the
balance between pass book and cash book. We will prepare
Bank Reconcilation Statement to make pass book and cash
book balance equal.
| Is This Answer Correct ? | 14 Yes | 0 No |
We prepare bank reconcilation statements to know the
balance between pass book and cash book. We will prepare
Bank Reconcilation Statement to make pass book and cash
book balance equal.
| Is This Answer Correct ? | 18 Yes | 7 No |
Answer / shiva
we prepare brs to know the difference between cash
book(bank column) and pass book balance
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / prasad
we prepare bank reconciliation statement with compare bank
statement and bank daybook because of any customer directly
deposited our account and bank charges, bank interest and
any clericle errors of payments,receipts wrongly posting.
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / nick thomas
we are preparing BRS to keep track that bank balance in our
book and bank statement are in line,It also helps us in to
know whether any chq issued or Deposited is uncleared (6mths
ofr payment and 8 days for receipts).so that we are able to
know that any of cheque is still uncleared.
| Is This Answer Correct ? | 4 Yes | 3 No |
BRS is show the differences between Bank Statement and our a/c , it specially shows bank interest & charges.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / x8
the disagreement of Balance as per firm's Accounting records with the Bank statement it needs to Reconcile between the Balance as per cash book with the bank statement
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / kiran kumar
BRS is nothing but it is prepapring the cash book and pass
book balance.it is using both equal to the satement.eathier
deposit or collecting or with draw also.
| Is This Answer Correct ? | 1 Yes | 5 No |
i am working in a company as wholesale in saudi arabia.i am one of the new.we are supplying to some hyper market. they will issue the money as cheque and they will send the cheque amount and invoice details also.then how can i reconcile our statement with use of that cheque details
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