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What is s bank reconciliation statement? Give an ex where
the Bank book and d cash book will not reconcile?
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Answer / teena sharma
BRS is a statement which reconciles the bank balances as
per cash book witrh the balances as per bank pass book, by
showing all causes of difference between the two...
example whare the bank book and da cash bool will not
reconcile.
Bank charges
Direct deposited into the bank.....
| Is This Answer Correct ? | 53 Yes | 2 No |
Answer / suryakant padekar
Bank Reconciliation statement means the statment shows the
difference between Bank Passbook bal & Cash Book Bal. It
shows difference for example. Bank Charges, intrest,
Cheques deposited into bank but not realised. Bank Credit
entries not accounted in Cash Book.
| Is This Answer Correct ? | 29 Yes | 1 No |
Answer / dev
BRS is the statement that reconciles the bank balance in
the books of the organization with the bank statement.in
other words it is dif b/w cash book & bank book.
example whare the bank book and da cash bool will not
reconcile.
1] outstanding cheques,
2] deposit in transit,
3] Bank service charges,
4] interest,
5] electronic charges [ATM]
| Is This Answer Correct ? | 10 Yes | 0 No |
Answer / chandra reddy
bank reconciliation statement is prepared uncommon
adjustments, to find out difference between passbook and
cash book.
bank charges, cheques issues but not cleared, cheque
received but not entered, interest,
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / anil ahuja
the process of talling the bank statement and bank record
maintained by accountholder is called bank reconciliation
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / hemanta behera
bank reconciliation statement is prepared to matching the
both balance because many entry not update in both book
cash book and pass book.becauce some entry is not possible
enter both book
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / shahzade khan
BRS is a statement which reconciles the bank balances as
per cash book witrh the balances as per bank pass book, by
showing all causes of difference between the two...
example whare the bank book and da cash bool will not
reconcile.
Bank charges
Direct deposited into the bank.....
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / tanmoy roy
Bank Reconciliation statement is that means the statment shows the
difference between Bank Passbook baance & Cash Book Balance. It
shows difference for example. Bank Charges, intrest,
Cheques deposited into bank but not realised. Bank Credit
entries not accounted in Cash Book.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / m. maruthi
Bank Reconciliation statement is the statement which is prepared in order to Reconcile (Adjust) the differences arising between the bank balance as per cash book and bank balance as per pass book.
example. cheques issued but not presented for payment.
As soon as we issue the cheques we will reduced deposit as per cash book. since it is not presented for payment the deposit as per pass book will remains same and unaltered. due to this there is differences in the balances of cash book and pass book. To adjust this we are preparing Bank Reconciliation statement.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / naveen kumar.karumuri
BRS Means Bank reconciliation Statement.to concile the Bank balance as per our Books of Accounts and Bank balance as per Concern Bank Pass book. it is called As BRS,
For Ex.
Where the CB and PB not reconcile at the time of,
Cheque deposited but not collected for the Payment.
Cheque issued but not presented for the Payment
So in this cases both books of Accounts not Reconciled.
Thank you.
Naveen Kumar.Karumuri
Accounts Executive
| Is This Answer Correct ? | 0 Yes | 0 No |
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