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Bank Reconcilation statement

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30 March 2009 Why it is necessary to maintain BRS? Give answer in weightage of 20 Marks Or with refrence to 20% Of Any exam.
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CA. Amit Daga

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CA. Amit Daga (Expert)
30 March 2009 Hey Vinay, BRS is bank reconcilation statement which is required to reconsile your balance due to several reasons it can be possible
1. Cheque deposted but not accounted in your account
2. Cheque issue but not deposited so far
3. Bank Interest is rec by the customer
4. Bank charges debited in the account

There are lots of other several reason which we need to rectify otherwise bank balance and pass book balance will not match.

AND YOUR SECOND QUESTION Here people are sitting to help you not to give you answer this is the basics now u need to elaboreate and search and make 20 marks because we are not your teacher

Amit
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