Bank reconcilliation

This query is : Resolved

Report Abuse Follow Query Ask a Query

rohit

rohit (Querist)
Follow

19 October 2013 WHAT IS THE CONCEPT OF BANK RECONCILLIATION STATEMENT?
IS IT CHECKING BANK A/C WITH PASSBOOK?

@VaibhavJ

@VaibhavJ (Expert)
Follow

19 October 2013 Hi

Yes little bit.

In BRS you reconcile that only those amount is debited in your A/c for which you have cheques issued & all your deposit is credited.

It is prepared generally on monthly basis to find out differences.

Thanks//VaibhavJ

rohit

rohit (Querist)
Follow

21 October 2013 PLEASE CLEAR MORE

Upgrade to CAclubindia Pro. Subscribe Now!

@VaibhavJ

@VaibhavJ (Expert)
Follow

21 October 2013 Hi

Pl refer: https://www.caclubindia.com/articles/bank-reconciliation-statement-10248.asp

Thanks//VaibhavJ