what is reconsilation@
- 5 Answers
- 8126 Views
- ADP, Infosys, Xchanging, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / raman kumar
Bank Reconsilation statement is the statement in which we
have to reconcile the two balance's balance as per cash
book and balance as per bank pass book.The purpose of
preparing such a statement is to find out the cause of
difference betbeen two balance's and pass correcting and
adjusting entrie's in the books of firm.
| Is This Answer Correct ? | 10 Yes | 2 No |
Answer / murali royal
Finding the reasons between cash book and poss book is called
as reconsiliaton as per BRS. Bank reconsiliation statement.
| Is This Answer Correct ? | 6 Yes | 2 No |
Answer / swarna kumari
reconciling the balance as shown by the bank passbook and balance as shown by the cashbook.Purpose of BRS is to know the difference and make adjustment entries.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / syed nazare mehdi
reconciliation is nothing but it is the difference between
two balances which are cash book and pass book .this
transaction mainly done between bank and customer .the main
purpose to create brs is to make both cash and pass book
balances are equal.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / supriya chavan
BRS is Bank Reconciliation Statement prepared to find out difference between bank book in company's accounting software and bank pass book because of delay cheque clearance by banks and to match the balances of bank book and pass book at month end.
| Is This Answer Correct ? | 0 Yes | 0 No |
what is the difference between finacial account and other account?
How do the accounting standards facilitate the work of accountants?
Suppose One asset purchased in 2006year and calculated SLN method depreciation @10%pa for value 100000. Now middle of the present year the assets was transfered to B company. How can we take the accounting for previous depreciation, asset value (transfer value) to debit B company. What is the asset status in BS.
how to study five year balance sheet
3 Answers Coca Cola, HBL Power Systems, Suzlon,
Carriage outwards will appear on -----------side of---------
Answered but misspelled pl correct THE MINIMUM NUMBER OF SHARE HOLDERS IN A PUBLIC LTD CO. (ANS.NEVSE)
what are athe accounting principles?
what is capital budgetting?
what is diff between accrued and Outstanding Account?
if a company has to pay the salary in the month of april for the months of march,apil,and may to a person who joined in the company on 15march. what are the entries for the transaction ?
which value we have to calculate TDS? Is it for bills recd or no of pymnts made during that year?
expand P P Division
Audit 
