Why do companies prepare Bank Reconciliation Statement? what is the use of it?

Gali Manoj

• Aug 30th, 2017

BRS may be defined as the statement showing the difference between the Cash Book and Pass Book
The BRS process helps to identity the errors omitted either in cash book or pass book
BRS may also show any delay in the clearance of cheques.

shahim

• Aug 27th, 2017

First we credit the amount to customer ac and debt to bank ac, once bank reco we understand how many double entry and how many payment realized in companies bank ac

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Ajay

• Jan 27th, 2018

Heavy expenditure incurred on advertisement for which the benefit is enjoyed by the company in the future years.

Ajayi

• Jun 21st, 2017

Purchase of equity shares. Is it deferred revenue expenditure

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SATISH M

• Jun 11th, 2014

To reconcile the difference between bank balance shown by cash book and pass book.

A.KIRAN KUMAR

• Dec 7th, 2012

BRS is a find out the uncommon adjustments of cashbook and pass book.

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Nominal,personal,real

swetlana bakshi

• May 18th, 2016

Rules of debit and credit under traditional approach:

PERSONAL ACCOUNTS: Debit the receiver (of benefit), and credit the giver (of benefit).

REAL ACCOUNTS: Debit what comes in, and credit what goes out.

NOMINAL ACCOUNT: Debit all expenses and losses and credit all incomes and gains

pradeep kumar

• Apr 14th, 2016

1) Personal Account:
Debit the receiver.
Credit the giver.

2) Real Account:
Debit What comes in.
Credit What goes out.

3) Nominal Account:
Debit all expenses and losses.
Credit all incomes and gains.

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